Oil Companies (Government Participation Proposals)

Part of Oral Answers to Questions — Prices and Consumer Protection – in the House of Commons at 12:00 am on 2nd February 1976.

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Photo of Mr Peter Rost Mr Peter Rost , Derbyshire South East 12:00 am, 2nd February 1976

As the Treasury, mercifully, now appears to have said that there will be no cash for these negotiations, and that the currency for nationalisation is going to be oil options, why does the right hon. Gentleman not admit that the whole business is a sham and that the BNOC ought to be conducting these negotiations in any case, since it will be responsible for managing the botched-up participation when the right hon. Gentleman has finished with it?