UK Parliament / Open data

Energy Bill

Proceeding contribution from Steve Webb (Liberal Democrat) in the House of Commons on Tuesday, 22 January 2008. It occurred during Debate on bills on Energy Bill.
No, because new nuclear power is a one-way track. We cannot decide in 10 or 15 years' time that it was a bad idea and we do not want it, because the companies that are now being asked to invest expect guarantees. They will not invest their money unless they know for certain that they will get a return, and if in 10 or 15 years' time that is not the right part of the required mix strategy, we will be lumbered—we will be stuck. They will expect a return over 40 or 50 years, so we will be buying into a technology that will give us no flexibility.

About this proceeding contribution

Reference

470 c1394-5 

Session

2007-08

Chamber / Committee

House of Commons chamber

Legislation

Energy Bill 2007-08
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