Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.Donate to our crowdfunder
The hon. Gentleman is right to draw attention to that report. I am glad that not all parts of industry are negative. Some are forward-thinking and the work of the Carbon Trust is useful in that connection. For example, BP spent $20 million to implement its energy reduction strategy between 1998 and 2001. It embarked on that for environmental reasons, but released almost $650 million in financial savings in just three years. There is no doubt that such action can be economically as well as environmentally beneficial.