Speeches by Bowie.

“The hon. Gentleman almost had me —I was almost there. We support creating new jobs in Cornwall. The opening of the mine last year was an incredibly positive step. It was delivered as a result of the UK Infrastructure Bank and the £53 million investment that we drove. The future for Cornwall is incredibly bright when it…”

“I would be delighted to give way to the hon. Member for Cornwall.”

“Well, not quite. We did have an industrial strategy. We had a Department for Business, Energy and Industrial Strategy. It is not an industrial strategy. The amendment aims to establish within the strategic priorities of this company a commitment to deliver a UK-based supply chain, which is something that we sought to d…”

“I am very proud of everything that we did in government to support our steelworkers and those communities around the country that depend on those jobs. It is desperately sad to see what has happened in Port Talbot recently. That is an example of what we must avoid moving forward, and something that we must avoid happen…”

“Amendment 17 would introduce a specific strategic priority for Great British Energy to develop UK energy supply chains and require that an annual report be produced on the progress towards meeting that strategic priority. We believe it is essential that our transition to net zero does not increase our reliance on forei…”

“I beg to move amendment 17, in clause 5, page 3, line 8, at end insert— “(1A) (a) The statement of strategic priorities under subsection (1) must include developing supply chains within the United Kingdom in the pursuit of Great British Energy’s objects under section 3. (b) ‘supply chains’ means the network of individu…”

“As the hon. Gentleman knows, there are many hard decisions to be taken in government, and every decision that the Government have to take has to provide value for money for the British taxpayer. I know that this Government recognise that, given the decision they have taken to remove £300 from every pensioner in the cou…”

“I am mid-flow, but yes.”

“The amendments would create a specific strategic priority for Great British Energy to create 650,000 new jobs in the United Kingdom by 2030, and require the production of an annual report on the progress of meeting that strategic priority. It is worth our while this afternoon to take some time to consider the achieveme…”

“I beg to move amendment 15, in clause 5, page 3, line 8, at end insert— “(1A) The statement of strategic priorities under subsection (1) must include the creation of 650,000 new jobs in the United Kingdom by 2030 resulting directly or indirectly from Great British Energy’s pursuit of its objectives under section 3.””

“I have nothing to add, other than to inform the Committee that we will press the amendment to a vote. Question put, That the amendment be made.”

“I completely agree that we should not be overly prescriptive of business, but one of the strategic objectives in setting up this company should be to work towards a reduction in wholesale electricity prices. The Bill sets out everything else that the company will seek to do, so why not add that to the Bill as an object…”

“I do not think so, but the creation of the company is a state intervention in the market. That is one reason we on the Conservative Benches disagree with the Bill. We think that we can drive up investment in renewables and new technologies in this country by allowing companies the freedom to invest and by creating the …”

“It is a pleasure to serve under your chairmanship, Sir Roger. The amendment would bring to the Bill a concrete objective for Great British Energy to reduce the wholesale price of electricity. I am pleased to move this amendment, which will introduce a specific strategic priority to reduce wholesale electricity prices a…”

“That I beg to move amendment 13, in clause 5, page 3, line 8, at end insert— “(1A) The statement of strategic priorities under subsection (1) must include ensuring that wholesale electricity prices must be lower in real terms on 1 July 2030 than the day on which this Act is passed.””

“It is a pleasure to serve under your chairship, Dr Huq, and a privilege to be back in another Committee Room debating a Bill on energy—we did not do enough of that last year. Amendment 11 would provide a specific strategic priority for Great British Energy to reduce the average household energy bill by £300 in real ter…”

“I beg to move amendment 11, in clause 5, page 3, line 8, at end insert— “(1A) The statement of strategic priorities under subsection (1) must include the reduction of household energy bills by £300 in real terms by 1 January 2030.””

“I am comforted that the Minister thinks it very unlikely that GB Energy will get into any financial difficulty. But let us look at state-owned energy companies around the world. Just last year, for example, EDF—a fantastic company investing a lot into the United Kingdom—had to be bailed out to the tune of about €20 bil…”

“On the point about supply chains, the sustainable industry rewards were being designed to come with the next auction round next year. How will GB Energy work alongside the existing frameworks to deliver those sustainable industry rewards, to ensure that we build up the domestic supply chain that everybody across the pa…”

“The record of the last Government was that we increased the number of homes that were insulated in this country to EPC C or above from 14% to more than 50% over our time in government. That is a record of which we can be proud. Can we do more? Absolutely—that is one of the reasons why we are actually backing the Libera…”