Speeches by Kane.

“I think the hon. Member for Sutton and Cheam has a point, in that the public will be interested in how this is made. Advanced-waste SAF, including SAF made from non-recyclable municipal solid waste, is a key part of the SAF industry. We have backed and invested in this kind of SAF in our grant funding programme, the ad…”

“Clause 4 enables the Secretary of State to designate a counterparty for the revenue certainty mechanism. It also sets out that the counterparty must be a company wholly owned by the Government. There are several reasons for doing that. First, a Government-owned counterparty will be highly creditworthy, meaning that pro…”

“I thank hon. Members for their contributions. Let me start by addressing the point made by the Opposition spokesperson, the hon. Member for Mid Buckinghamshire, about the overview and ambition of this legislation. We are the first legislature in the world to attempt to create this revenue certainty mechanism. The SAF m…”

“Clause 6 enables the Secretary of State to introduce, through regulations, a levy on aviation fuel suppliers to meet the costs of payments made by the counterparty to SAF producers and to cover the counterparty’s administrative costs. We plan to fund the revenue certainty mechanism through a levy on industry because it…”

“Clause 5 enables the Secretary of State to make the scheme transferring the property rights or liability of a company whose designation has been revoked to the new designated counterparty. The power might be needed if it is no longer appropriate for the designated counterparty to continue its current role. The clause w…”

“Well done to the hon. Member for Mid Buckinghamshire; he pulled it out of the fire there with the amendments. He is right that we are putting SAF on the statute book. We should have put it on the statute book years ago, which is why it was in our manifesto and we are doing the right thing now. I will address the questi…”

“Clause 11 creates new civil penalties that are necessary to secure the payment of the levy and compliance with regulations. Any penalty will be limited to a maximum of the lesser of £100,000 or 10% of the turnover being penalised. This penalty can be imposed for failing to pay the levy and failing to pass on the benefi…”

“The clause gives the Secretary of State the ability to control some of the activities of the designated counterparty through directions. The counterparty will maintain day-to-day independence and the power is limited to the functions conferred on the counterparty under or by virtue of the Bill. However, it is important…”

“Clause 10 enables the Secretary of State to make regulations to ensure that a designated counterparty pays any surplus it collects to the people who have paid the levy. There would be a surplus when a SAF producer sells SAF for above the strike price, and therefore makes payments to the counterparty. In that situation,…”

“I concur with the hon. Member about domestic fuel production, particularly in the uncertain geopolitical world that we face today, but amendment 4—”

“The clause will enable the Secretary of State to provide financial assistance to the counterparty to ensure that it can always meet its liabilities under the revenue certainty contracts. The intention is that the counterparty will be funded through the levy payments from suppliers of aviation fuel in the UK. The power …”

“My hon. Friend is a doughty campaigner for Stansted airport, which is near his constituency. Stansted is part of Manchester Airports Group Ltd, or MAG, which I know is extraordinarily keen—along with other airports, AirportsUK, airlines and nearly all the other people who gave evidence—that we pass this legislation. Co…”

“My kingdom for a chemistry degree! I will let the hon. Gentleman know the answer to his question in due course. To go back to the point, new clause 5 would duplicate the process already embedded in the SAF mandate legislation. I therefore ask the hon. Member for Wimbledon not to press the new clause.”

“I do not have the answer in front of me, but I commit to providing the hon. Gentleman with an answer in due course. I thought the point he was making was about whether we are being open and transparent across all sectors in the UK in showing how we are decarbonising the aviation sector. [Interruption.] I do now have th…”

“It is a pleasure to serve under your chairmanship, Mr Western. We often discuss our bicycles and their technology, but today we have to talk about the revenue certainty mechanism, which I am glad we are doing. The RCM is part of the Government’s agenda to decarbonise aviation in the United Kingdom. I will address the a…”

“A latter day Hilaire Belloc, in my humble opinion. However, on this occasion, the hon. Member for Wimbledon will no doubt know that I disagree with him. Committee members will be aware that SAF is considered to be essential in achieving net zero for aviation medium and long-haul flights, which account for about 80% of …”

“I am extraordinarily proud that we have a Prime Minister and a Government who are rebuilding the UK’s reputation across the world once again, building trade deals with our closest partners across the planet, whether that be India, America or the recent agreement with the European Union. That is where Britain should be—…”

“It is one of the biggest transport infrastructure projects this country has ever undertaken. We have only built one international runway in 80 years. That happens to be in my constituency. Therefore, the Department for Transport, I and the Secretary of State made a decision that we need to gear up for this to be well p…”

“When the Chancellor invited proposals for a promoter to come forward with a third runway, we, as a Department and as a Government, said that we would then review the ANPS on receipt of that proposal. There was no commitment, I understand, to an autumn deadline.”

“I have read it, Chair.”