Written question asked by Lord Myners (Crossbench) on Tuesday, 4 June 2019, in the House of Lords. It was due for an answer on Tuesday, 18 June 2019. It was answered by Lord Henley (Conservative) on Wednesday, 12 June 2019 on behalf of the Department for Business, Energy and Industrial Strategy.
British Steel: Loans
- Question
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To ask Her Majesty's Government whether civil servants expressed any concerns about the loan made to British Steel to enable it to meet its emissions trading compliance costs; and whether this loan is subject to enforceable security.
- Answer
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I refer the Noble Lord to the answer I gave him on 4th June 2019 to Question HL15896, and to letters from the Permanent Secretary to the Department for Business, Energy and Industrial Strategy to the Chair of the Public Accounts Committee and the Comptroller & Auditor General, placed in the Libraries of both Houses, outlining the terms of the Deed of Forfeiture bridge facility agreed between Government and British Steel.
The Deed of Forfeiture provides legal protections to give Government control of 2019 EU ETS allowances, even under the scenario of insolvency.
Secondary information
- Type
- Written question
- Reference
- HL16032
- Session
- 2017-19
- Related items
- Subjects
- British Steel EU emissions trading scheme Loans
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2025-10-09 14:30:43 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL16032
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