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Proceeding contribution from Lord Bach (Labour) in the House of Lords on Thursday, 12 June 2008. It occurred during Debate on bill and Committee proceeding on Energy Bill.


Energy Bill

That is not so immediately the store becomes too full, as it were. There will be an obligation on the licence holder, as I understand it, who will be in charge for a number of years, to ensure that the store is safe and secure. So the licence holder's obligations will not end on the day that the store is full; there will be obligations for that time. The comparison with the nuclear industry is obviously in my noble friend's mind. We will come to that in due course in debates on the Bill. The arrangements are intended to protect the taxpayer against long-term cost, so far as is reasonable. We think that it is reasonable for the licence holder to have an obligation for a number of years after a store is full, with the licence continuing, but the licence will be terminated once the store is safe and secure, and it will then become the obligation of the state.


Secondary information

Type
Proceeding contribution
Reference
702 c275-6GC 
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Subjects
Disclosure of information Decommissioning Carbon dioxide Carbon capture and storage Commercial secrets Licensing Inspections Environment protection Energy Industrial accidents EU emissions trading scheme Natural gas Offshore industry Storage Seas and oceans Carbon emissions
Legislation
Energy Bill 2007-08
Draft Marine Bill
Link
View this Proceeding contribution on www.publications.parliament.uk