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Proceeding contribution from Lord Teverson (Liberal Democrat) in the House of Lords on Tuesday, 12 July 2011. It occurred during Debates on delegated legislation on Storage of Carbon Dioxide (Access to Infrastructure) Regulations 2011.


Storage of Carbon Dioxide (Access to Infrastructure) Regulations 2011

My Lords, again I do not know what else one could do. There seems to be an outbreak of common sense; we are implementing a European directive, which I see this as primarily, to ensure that pipeline and CCS companies do as we scold our children to do—to share, rather than keep things to themselves. I have two questions for the Minister. First, he mentioned a long track record of facility sharing in the oil and gas industries, which there clearly already is, but I suspect that those provisions did not perhaps come in until a lot of the structures in those industries had got going. In this case, it is a new industry and I presume that we do not have any carbon dioxide pipelines going extensive distances. Clearly, they do within existing industrial plants but I wonder whether we might get into a sort of games theory where no one builds the first one because the first mover, in this instance, is the one who has to find all the finance and raise all the money, which is not inconsiderable. All the businesses coming afterwards will have to do is show that independent authority that it would make sense to share, so they miss the whole hurdle that the first people had to get over. I wonder whether that distorts the market somehow, but I am sure that the Minister will have an eloquent reply on that. Otherwise, this is good legislation. Finally, I take this opportunity to ask the Minister where we are in terms of CCS and when we might see the network of carbon dioxide pipelines under—I was going to say across—our countryside. Where are we on the four schemes that the Government are promoting?


Secondary information

Type
Proceeding contribution
Reference
729 c270GC 
Session
2010-12
Chamber / Committee
House of Lords Grand Committee
Subjects
Carbon dioxide EU law Energy Scotland Storage Safety
Legislation
Storage of Carbon Dioxide (Access to Infrastructure) Regulations 2011
Link
View this Proceeding contribution on www.publications.parliament.uk