Coal Liquefaction

Part of Petition – in the House of Commons at 9:54 am on 22 May 1981.

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Photo of Mr Merlyn Rees Mr Merlyn Rees , Leeds South 9:54, 22 May 1981

I have one question, which I precede by a word of thanks for the informative way in which the announcement has been made and the courteous way in which the Minister has mentioned all those involved. If my hon. Friend the Member for Midlothian (Mr. Eadie), the previous Under-Secretary of State, is not here, it is because I felt that it would be better if he got away earlier at the end of this part of the Session.

My question relates to financing. There will, of course, be other opportunities to debate this. The Minister mentioned the money from the Department of Energy. He also mentioned the NCB and, earlier, the EEC. Clearly, money can be raised from the money market for this project. But why can it be raised in that way for this project when there seem to be problems about money from the money market for other projects that might arise for the NCB?