My Lords, this looks like a fairly simple instrument, and I congratulate the Minister on laying it out with what appeared to be great transparency—so I thank him for that. We seem to be looking at some incredibly paltry rises in administration fees to deliver a government service to the oil and gas industries at cost price. Why are we selling at cost price? I do not understand. This is a subsidy for a government service, and yet another example of the oil and gas industries being massively undercharged, in spite of their negative impact on the environment and highly polluting practices.
I salute the noble Lord, Lord Bourne, too, for his enthusiasm and optimism about carbon capture and storage. He is absolutely right that it would be a fantastic thing if we had it, and action is vital now—but we do not have it. So why not take another route, which is to make the oil and gas industries pay their fair share, not only of what we allow them to have but for the pollution that they cause? I can well imagine that no representations were received from the industry. If my fees were being increased from £190 to £197 I would probably not complain either, because the increase is negligible. Why are the Government doing this? Quite honestly, I think that this is a ridiculous SI. What we should have in front of us is something that actually reflects what is happening in the world in terms of the climate crisis.
I have a question here that I would like an answer to. Can the Minister outline what changes the Government will seek at COP 26 to make sure that fossil fuel companies stop getting a free ride, so that their financial
costs reflect their true environmental and social costs? We heard an Oral Question today about a government guidance document, Aligning UK International Support for the Clean Energy Transition. We have some cheek talking about this sort of thing and proselytising about it when we are actually subsidising polluting oil and gas industries. What I would very much like to know is: how on earth are this Government ever going to live up to the sort of standards that we expect to see from a responsible Government?
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