Carla Denyer

I am going to make a bit more progress. Those potential jobs are why, last year, I tabled the Energy and Employment Rights Bill, outlining key steps to future-proof jobs in the energy sector. They are also why I am working alongside trade unions to call for statutory rights to union reps for future-proofing jobs, to create a legal requirement on employers to include trade union reps in workplace planning related to decarbonisation. That, not Rosebank, is how we build a stable, future-facing economy. The economic case against Rosebank goes to the heart of our tax system. We need to know whether the Government questioned the assumption in the Office for Budget Responsibility’s autumn Budget papers that Rosebank will be approved, and whether the Treasury has a predetermined view. The Secretary of State for Energy Security and Net Zero alone must take the decision on Rosebank. Any indication that the Government are relying on it for tax revenues could be considered indirect pressure. Could that risk making the decision unlawful? In her approval of Jackdaw, the Secretary of State herself concluded that she “has not been able to form a view in which she has sufficient confidence” regarding the tax receipts from the gasfield. In other words, the Government do not think that they are going to raise much tax from the gas drilling for which they have just given the go-ahead. The OBR has pointed out that, even with its assumption that Rosebank is approved, the combined effect of the expiry of the windfall tax and the declining nature of the North sea basin means that tax receipts from the oil and gas sector as a whole are projected to be “close to zero” by 2031-32. Compare that with the global damage that would be caused by emissions from Jackdaw and Rosebank, which are estimated to cost between £170 billion and £483 billion, and the £13.3 billion of UK public money that has already been spent, incredibly, on tax breaks for fossil fuel firms between 2019 and 2026. That is enough money to insulate every home in fuel poverty in England, which would be the real way to bring down bills.