Net Zero Strategy: High Court Ruling

Part of the debate – in the House of Commons at 10:32 am on 21 July 2022.

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Photo of Greg Hands Greg Hands The Minister of State, Department for Business, Energy and Industrial Strategy 10:32, 21 July 2022

I return to what I said earlier. The situation we inherited from the last Labour Government is that renewables provided only 7% of our electricity mix; it is now 43%. When it comes to oil and gas taxation, the Government’s energy profits levy—the hon. Gentleman will know this, as I very clearly remember him debating it in the Chamber—is set to raise £5 billion this year, which is considerably more than the tax proposed by the Labour Front Bench, which he backed.