1-1 of 1 results for subject:Shell
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Lazarowicz, Mark
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House
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Lazarowicz, Mark (1)
Answering member
Legislative stage
Legislation
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Publisher
I am sure my right hon. Friend will be as concerned as I am at today's news that Shell is pulling out of the London Array, which will be the UK's biggest offshore wind farm. When it is ever suggested that there should be a windfall tax on the vast profits of energy companies, they say that they need the money to invest in new technologies. In view of Shell's announcement today, should that policy be revisited by the Government?
I am sure my right hon. Friend will be as concerned as I am at today's news that Shell is pulling out of the London Array, which will be the UK's biggest offshore wind farm. When it is ever suggested that there should be a windfall tax on the vast profits of energy companies, they say that they need the money to invest in new technologies. In view of Shell's announcement today, should that policy be revisited by the Government?
Asked by
Mark Lazarowicz
(Labour; Co-operative Party)
Answering body
Department for Environment, Food and Rural Affairs
Oral questions - Supplementary
Status
Answered
Answered on
1 May 2008
I have to say that I would describe the news that Shell wishes to sell its stake as very disappointing, and that many people would want to understand why that was the case, especially in a week in which the company has announced record profits. What I would say on the Government's part is that we have given, and will continue to give, full support to this important project, which, when completed, will produce enough electricity to power about one in four homes in Greater London.
Subjects
Greater London; Energy; Renewable energy; Taxation; Seas and oceans; Wind power; Shell; Carbon emissions
Date
1 May 2008
Reference
475 c427-8
Chamber / Committee
House of Commons chamber
House
House of Commons