Public Ownership of Energy System

Part of Energy Security and Net Zero – in the House of Commons am ar 21 Mai 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Kerry McCarthy Kerry McCarthy Shadow Minister (Climate Change and Net Zero)

The Minister is completely missing the point, so I will use a real-world example. In Bristol, we have set up the 20-year Bristol City Leap project with Ameresco and Vattenfall, a partnership between the public and private sector that will help the city to cut carbon dioxide, bring down bills and deliver green jobs. Actually, the Government are piloting a similar project in York, because it has been such a success in Bristol. But why should it be Vattenfall, a 100% Swedish state-owned firm, rather than a British equivalent, such as Labour’s GB Energy, that benefits? Why can Swedish taxpayers profit from investing in our future, but British taxpayers cannot?