The speech made by Mark Hendrick, the Labour MP for Preston, in the House of Commons on 17 July 2024.
Today’s King’s Speech has laid before us an ambitious and exciting vision that will benefit our country and my Preston constituents for decades to come. In particular, I welcome the announcement that the Government will be introducing a new publicly owned company, Great British Energy. As a first step, it will take back control of our energy supply, producing cheaper power for our country, and ensure that profits go back into our communities. As a Co-operative party MP, I want to see more community energy companies based on the Co-operative model.
Not only will Great British Energy generate clean energy, but it will cut energy bills and deliver good jobs. This news comes when our constituents are desperately in need of support. For too long, they have been exposed to the energy insecurity created under the previous Government, which has seen a cost of living crisis and bills skyrocketing to eye-watering prices.
Every family and business in Britain are still paying the price of 14 years of Conservative failure with sky-high energy bills. The Conservatives have squandered our advantage in clean energy and left the country dangerously exposed to international energy markets manipulated by dictators such as Vladimir Putin.
Under Labour’s plans, oil and gas giants that have made record profits from energy insecurity in this country will now be held accountable. A windfall tax on their excess profits will benefit the entire nation, lifting the burden off the public. Working alongside the private sector, we have the opportunity to double onshore wind, triple solar power and quadruple offshore wind by 2030. That investment in renewable energy is an investment in our future. We need to harness the advantage of our long coastline along with our engineering capabilities to become energy independent again. We need to invest in carbon capture and storage, hydrogen and marine energy to ensure that we have the long-term energy storage that our country needs. We need to accelerate investment in energy infrastructure. That can be achieved by the Government’s green prosperity plan, which involves investing in cutting-edge green technology to create 650,000 jobs in the industries of the future by 2030.
The previous Government were slipping more and more towards climate denial, but it is critical—now more than ever—that the UK commits to our future by doing all that we can to achieve net zero, setting a good example to the rest of the world. I have been extremely fortunate to experience first hand the progress that has been made on that over the years. As someone who worked as a professional electrical engineer before entering full-time politics, I have always been very conscious of energy consumption issues and their impact on the environment. I also served as a Member of the European Parliament, where I sat on the Environment and Consumer Protection Committee, where we helped to develop the European emissions trading scheme. I am strongly in favour of clean energy and our mission to move towards a clean energy transition as a matter of urgency.
Under the previous Government, I sat on the Energy Security and Net Zero Committee from its inception, where I worked with colleagues to hold the then Government to account and focus on the issues so acutely felt by the public, particularly their soaring energy costs. During the Blair years, as Parliamentary Private Secretary to the former Member for Derby South during her three years as the Environment Secretary in the Cabinet, I became extremely aware of the crucial importance of reducing emissions as quickly as possible. Indeed, when the former Member for Derby South became Foreign Secretary, she achieved the huge goal of placing climate change on to the UN Security Council’s agenda for the first time. Since then, the seriousness and urgency of the global challenge of climate change has only accelerated. It is not just a green issue now; it is a security issue.
I am proud and energised by the fact that this Government are committed to tackling climate change and doing so in a way that brings the public with us and encourages international collaboration. By creating jobs and opportunities that stimulate the economy and slash energy bills, we are ensuring that, together, we can become a clean energy superpower, become energy independent, reach our net zero goals and secure our future for generations to come.
