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Climate Change Bill [HL]

I honestly do not know. I do not have a detailed response on that. I assume that businesses—and we are dealing here with professionally run businesses—have to assess their risks and try to mitigate any potential losses from unforeseen circumstances via insurance and other matters. Therefore, this would probably be covered in the same way. I do not know, but my answer, as an ordinary, reasonable person, is that if a company has purchased something, it becomes an asset of that company, irrespective of what happens to the company. In other words, if a company disappears or gets sold, the assets and whatever it has purchased get transferred. That asset may be intellectual or physical property, or certificates to do certain things. They would go with the company.