Thank you for calling me, Mr Deputy Speaker, to speak in support of the Bill. The debate has reminded me why I should have paid much closer attention to my physics lessons when I was at school.
It seems to me that our country will face a series of issues over the next 10 years: securing a good, stable energy supply; ensuring that we play our part in cutting CO2 emissions in the fight against global warming; and developing new business growth in our economy. A number of Members have spoken about Ofgem and how it expects our energy capacity to fall from 14% to 4% by 2015-16. We must get on with this and I hope that the Bill will be the first step in delivering a much more sustainable energy supply.
Unless we are very careful, Britain will be increasingly reliant on foreign energy or, for that matter, will have to turn the lights out shortly before the general election. I am sorry to say that in my opinion the Labour party, when it was in power, was partly responsible. The Labour Government failed to deliver any nuclear power stations and when they were elected in 1997, they decided to introduce a moratorium on any new gas power stations but cut VAT on energy to just 8%. The policy was at war with itself.
In February, I went up to have a look at the British Antarctic Survey. Those working for BAS have drilled down into 800,000 years-worth of ice, have taken it out and are analysing it. They have found that for the majority of that time—700,000 years—there was almost no global warming, and when there was it was due to a tilt in the earth. Over the past 300 years, when we have had industrialisation, they are finding from the analysis that there have been significant levels of change in our atmosphere, which has ended up going into our sea and having an impact on our fishing stocks. It is very important that we do something about that.
In a meeting I attended recently, I heard that America is doing a significant amount of work and will be independent on energy in the next 10 or 15 years, whereas, as others have said, China will not.
I want to thank my right hon. and hon. Friends on the Treasury Bench for delivering a marine energy park down in the south-west, and I am delighted that part of it will be in my constituency of Plymouth Sutton and Devonport, using the south yard. I am grateful for that and will work closely with those on the Front Bench to try to deliver it. However, in order to ensure we can deliver the marine renewable energy park we must ensure that we have a significant amount of investment from the private sector. I am campaigning for that, because if we do not get it right, like a game of chess, it will be checkmate and we will be out of the game.
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