Proceeding contribution from Lord Marland (Conservative) in the House of Lords on Wednesday, 2 March 2011. It occurred during Debate on bill on Energy Bill [HL].
Energy Bill [HL]
This is a very complicated issue for someone who is not in the insurance world; but for someone who is, it is quite simple. It may be best in this instance if I commit in writing the exact layering of this requirement. Suffice it to say that the oil industry is a very mature industry. Substantial insurance requirements are placed on it. As I mentioned extensively in Committee, it has a mutual pool which offers additional protection to its balance sheets, and those that it makes in the open market. As someone with an insurance background, I would be happy to explain that in greater detail in writing to the noble Baroness. I hope that she finds that an adequate response to enable her to withdraw her amendment.
Secondary information
- Type
- Proceeding contribution
- Reference
- 725 c1162
- Session
- 2010-12
- Chamber / Committee
- House of Lords chamber
- Subjects
- Codes of practice Costs Conservation Accidents Carbon Housing Fees and charges Licensing Environment Energy Electricity generation Ofgem Electricity Farms Fuel poverty Insulation Heating Landlords Low incomes Oil Natural gas Property Meters Private rented housing Scotland Tenants Carbon emissions Geothermal power Green deal scheme
- Legislation
- Energy Bill (HL) 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 14:45:54 +0000
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