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Proceeding contribution from Lord Bach (Labour) in the House of Lords on Tuesday, 24 June 2008. It occurred during Debate on bill and Committee proceeding on Energy Bill.

Energy Bill

As I understand it, that is not how this system works. The fund is set up under this scheme in order to deal with the costs of getting rid of waste material and of achieving decommissioning. Clearly, lawyers thought that there was a danger that the fund might be liable in cases of insolvency. Obviously, we like the scheme that we are setting up and, from the general consensus in the Committee, it seems that noble Lords like it too. We think that changing the way in which the fund is operated would be rather a far step to take when, as we are doing here, we can easily change the position regarding insolvency.

Secondary information

Type
Proceeding contribution
Reference
702 c594GC 
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Subjects
Disclosure of information Devolved matters Decommissioning Assets Costs Climate change Devolution Carbon dioxide Environment protection Energy Electricity generation Fines Insolvency Insurance Hazardous substances EU emissions trading scheme France Local government Planning Radioactive waste Nuclear power Nuclear Decommissioning Authority Power stations Scotland Security Safety Waste management Renewable energy Waste disposal Nuclear Installations Inspectorate Methane Committee on Radioactive Waste Management Greenhouse gas emissions
Legislation
Energy Bill 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk