Written question asked by Adrian Ramsay (Green Party) on Tuesday, 10 December 2024, in the House of Commons. It was due for an answer on Thursday, 12 December 2024. It was answered by Michael Shanks (Labour) on Tuesday, 17 December 2024 on behalf of the Department for Energy Security and Net Zero.

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Net Zero Teesside Power and Northern Endurance Partnership: Compensation

Question

To ask the Secretary of State for Energy Security and Net Zero, whether, under amendments to the Government’s business models for the (a) Net Zero Teesside Power (NZT) and (b) Northern Endurance Partnership (NEP) projects, money has been (i) ringfenced for and (ii) committed to compensation for losses that might be incurred by (A) the National Wealth Fund, (B) lending banks, (C) BP, (D) Equinor, (E) TotalEnergies and (F) other investors or equity holders arising from the Judicial Review challenging the lawfulness of the decision by the Secretary of State for Energy Security and Net Zero to grant approval for the joint Development Consent Order underpinning NZT and NEP.

Answer

The Department for Energy Security and Net Zero has not ringfenced or committed any funds for compensation related to the entities or matters outlined in the question.

Net Zero Teesside’s Development Consent Order (DCO), determined in February 2024, remains in force. Considering the ongoing legal proceedings, it would not be appropriate to comment further at this time.

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Secondary information

Type

Written question

Reference

19195

Session

2024-26

Transferred

Yes

Subjects

Compensation Investment Northern Endurance Partnership Net Zero Teesside Power

Link

View this Written question on www.parliament.uk