Proceeding contribution from Claire Coutinho (Conservative) in the House of Commons on Monday, 22 January 2024. It occurred during Debate on bill on Offshore Petroleum Licensing Bill.
Offshore Petroleum Licensing Bill
I thank the right hon. Gentleman for making that point. Not only is it better for energy security, but gas that we bring in from abroad in the form of liquefied natural gas has emissions four times higher, so if Members care about the environment, they should back this Bill.
Domestic oil and gas production adds about £16 billion to the UK economy annually and brings in tens of billions of pounds in tax revenue. To give an example of how that has helped support families with the cost of living, we raised £9 billion in tax revenue last year from the oil and gas sector. That is money that we can use to support families, as we did last winter, paying half the average family’s energy bill, which amounted to roughly £1,500 per household. If we had no oil and gas sector, £9 billion more would have fallen on taxpayers’ shoulders. Why should we concede that tax revenue to other countries? What possible benefit could the British public feel from billions of pounds in tax revenue that could be raised here being sent abroad, all to import fuel with higher emissions?
I now turn to perhaps the most important reason to back this Bill: the workers. There are 200,000 people supported by the sector, in communities such as those in
Aberdeen, Grimsby and the north-east of England, and including 93,000 people in Scotland, over 10,000 people in Yorkshire and the Humber, and 14,000 people in the north-west.
Secondary information
- Type
- Proceeding contribution
- Reference
- 744 cc42-3
- Session
- 2023-24
- Chamber / Committee
- House of Commons chamber
- Subjects
- Costs Climate change Employment Housing Licensing Exports Energy Insulation Imports Fossil fuels Exploration Oil Natural gas Prices Offshore industry Norway Scotland Renewable energy Tax yields Carbon emissions North Sea Liquefied natural gas North Sea Transition Authority Energy Charter Treaty
- Legislation
- Offshore Petroleum Licensing Bill 2023-24
- Link
- View this Proceeding contribution on hansard.parliament.uk
Librarians' tools
- Timestamp
- 2024-02-20 11:03:56 +0000
- URI
- http://hansard.intranet.data.parliament.uk/Commons/2024-01-22/24012229000003
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://hansard.intranet.data.parliament.uk/Commons/2024-01-22/24012229000003
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://hansard.intranet.data.parliament.uk/Commons/2024-01-22/24012229000003