Speeches by Shanks.

“I did not see the evidence earlier, but I know that, previously, the industry has confirmed that there would not be a penny off bills due to further extraction in the North sea.”

“I did not see the evidence earlier, but I know that, previously, the industry has confirmed that there would not be a penny off bills due to further extraction in the North sea.”

“The first thing to say is that the Chancellor outlined yesterday, and repeated the message that the Prime Minister gave at the Liaison Committee, that the Government are working day and night at the moment on what support for billpayers might look like. As I said last time I gave evidence, there is an observation perio…”

“Good evening. It is good to be with you again, Chair, on this really important subject. On refineries, I brought all of them together for the first time in 13 years to have conversations about what the future of the refining sector would look like. We are working on a future of fuel strategy. A consultation has gone ou…”

“The Chancellor is leading this work across Government, so there are a number of areas that she will be focusing on that are not in my brief. Specifically on things that we are looking at as the Energy Department, the price cap is really important, so we are doing everything we can to monitor what is happening at the mo…”

“No, I do not think you should at all.”

“It is a really important question. Since I was last here, there have been meetings about that. The Minister for Energy Consumers held a meeting in the Treasury recently to talk about that exact issue and—your point is well made—to try to find ways, which might not be the perfect long-term data architecture strategy for…”

“The energy profits levy comes to an end in 2030, but the Chancellor confirmed to industry a few weeks ago that she would work with it to bring that to an end sooner, and for there to be a permanent mechanism put in place. Clearly, that work moves at a different pace at a moment, so that we do not have periods in which …”

“These are the kinds of things that we have been monitoring very closely. We take it very seriously. There is no point in me saying anything other than that this has been a huge disruption to global supply chains. The IEA has said that it is the biggest disruption there has ever been. Of course, this is a serious moment…”

“The balance of publishing these things is always weighed in favour of people appreciating that we recognise these risks against the risk that people consider that those risks are more likely than they might be. It is obviously important that the Government consider every possible risk, even if it is very unlikely to ha…”

“You are right. There are consequences from what is happening in the middle east that will be felt around the world. There are probably a number of these things that will follow through over a number of weeks. We are hoping that it will de-escalate soon, and you are absolutely right to say that there will be impacts fro…”

“Everything that we want to do is to make sure it is fair. Fairness has to be looked at in the round, so fair in terms of the support that might need to be provided, but fair in terms of who, ultimately, pays for it as well and what that means for the future of the country’s finances. We are looking at all of these opti…”

“It is a timely question. I was at Hunterston B, the nuclear power station in Ayrshire, last week, which has just been handed back to the Government for decommissioning, because we are taking a different approach to how we will decommission our nuclear assets to be as efficient, cost-efficient and fast as possible, but …”

“The first thing to say is that the Chancellor outlined yesterday, and repeated the message that the Prime Minister gave at the Liaison Committee, that the Government are working day and night at the moment on what support for billpayers might look like. As I said last time I gave evidence, there is an observation perio…”

“I cannot speak specifically about the strait of Hormuz. Jonathan might be able to. I would say that, generally, on the risk register, we take account of disruption to supply chains. I do not know whether we specify down to that, but we look at different scenarios and where different fuel types might be affected by inte…”

“The tax income we have received for 60 years from North sea oil has funded public services for a long time. I am not going to suggest that the revenue is not hugely important. It is. The question that we have been answering about what the future of the North sea looks like is: how do we manage what is a super-mature ba…”

“It is the best argument for coming up with a plan, which we have now done, and then getting on with delivering it for what the transition in the North sea looks like. If we had done that 15 or 20 years ago, we would not have seen tens of thousands of workers lose their job without an alternative job to go to. Oil and g…”

“The risk register is made up of a number of risks affecting energy, some of which are the supply chains that we have and where we get fuel from. We look at that in the broadest sense, so not just caused by specific instances of disruption. If there was, for example, an issue at one of our LNG terminals, an issue with g…”

“We are absolutely not. That is not from a point of us not taking very seriously the risks that there are at the moment and managing the situation carefully, but we are monitoring it. All the data that we have is that, because we have a strong and diverse range of supplies, we are not concerned about it. It does not mea…”

“The work is nearing completion. What we asked them to do was look at whether there were potential sites in Scotland, recognising that the Scottish Government and the SNP have an objection to all nuclear. It will be a look at potential sites without being a full siting assessment, because there is no prospect of them be…”