Harriet Cross

The hon. Gentleman is obviously keen to hear from me, which is great, but as he says, I am four minutes in and have taken three interventions; I think I still have a couple of minutes to form my argument. I will first consider electricity. Our electricity is some of the cleanest in the world, but it is also some of the most expensive, and that is the issue. Making electricity the cheapest option will make it the preferred option. Making electricity cheap will encourage the adoption of electric vehicles and the electrification of home heating, and it will make the UK more attractive for businesses and for growth markets like AI. Cheap electricity will improve the cost of living for households across the country. That is why the Conservatives have a cheap power plan, which would cut electricity bills by 20% for everyone—for households and for businesses. And how? By cutting the carbon tax, which is a tax that makes up a third of the price of our electricity. But of course, as Members know, electricity only makes up about 20% of our energy mix. Oil and gas—at over 70% of that mix—remain central to our energy needs, and will for a long time. The Climate Change Committee’s projections include oil and gas in its 2050 net zero scenario. So why are the Government banning new licences for the North sea? Why are they taxing companies to such an extent that they pack up and leave? Climate change is a global concern, and therefore global carbon emissions must be considered. Why is the Secretary of State determined to run down our oil and gas production just to increase imports, which are four times more carbon-intensive than what is produced in the North sea? LNG imports have to be extracted, liquefied, shipped and re-gasified, rather than just being piped from the North sea directly into our gas grid. Permitting Rosebank, Jackdaw and, down the line, Cambo will mean that the UK’s emissions from oil and gas, which we will be using in any case, will be lower—lower than if those reserves are left in the ground and instead we use more carbon-intensive imports. Based on science, emissions and the fact that oil and gas will still be needed in the UK for decades, no one can reasonably argue that replacing domestic North sea oil and gas production with imports is the right course of action. It is not—not for jobs, investment, growth, energy security or emissions.