EU Referendum: Investment in Power Sector

Part of Energy and Climate Change – in the House of Commons at 12:00 am on 14 July 2016.

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Photo of Andrea Leadsom Andrea Leadsom The Minister of State, Department of Energy and Climate Change, The Secretary of State for Environment, Food and Rural Affairs 12:00, 14 July 2016

In fact Siemens has recommitted to its investment in Hull, which is great news for that area. I had a meeting a few days ago—it seems like a year ago—with the Offshore Wind Industry Council to talk about confidence in investment. Its members all remain committed to the UK, and EDF has reaffirmed its commitment to the UK.

Specifically on CCS, as I have said many times in this Chamber, we remain committed to looking at what our future strategy for CCS will be. The fact that the competition did not make the cut in terms of taxpayer value for money at the last spending round does not mean that we are ruling out CCS. We believe that it continues to play an important role in the future of our decarbonisation strategy.