Strategy for incentivising competitiveness of UK-registered companies in decommissioning Contracts

Energy Bill [Lords] – in a Public Bill Committee at 3:30 pm on 4 February 2016.

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‘(1) By June 2017 the Secretary of State shall develop a comprehensive strategy for the Department of Energy and Climate Change to incentivise the competitiveness of UK-registered companies

(2) In developing the strategy the Secretary of State must consult—

(a) HM Treasury;

(b) the Department for Business, Innovation and Skills;

(c) the Oil and Gas Authority;

(d) Scottish Ministers, and

(e) any other relevant stakeholders that the Secretary of State thinks appropriate.

(3) The strategy must include, though shall not be restricted to—

(a) an appraisal of tax incentives that can be extended to oil and gas operators to incentivise their use of UK-registered supply chain companies; and

(b) an outline of other appropriate support that can be provided by the Government, or its agencies, to UK-registered companies which express interest in bidding for decommissioning contracts.’—

This new clause would compel the Secretary of State to bring forward a strategy for ensuring that UK-registered supply chain companies benefit from decommissioning contracts.

Brought up, and read the First time.

Question put, That the clause be read a Second time.

The Committee divided:

Ayes 6, Noes 11.

Division number 16 Christmas Tree Industry — Strategy for incentivising competitiveness of UK-registered companies in decommissioning Contracts

Aye: 6 MPs

No: 11 MPs

Aye: A-Z by last name

No: A-Z by last name

Question accordingly negatived.

Bill, as amended, to be reported.

Committee rose.