Climate Change

When listening to contributions by some Labour Members, we could be forgiven for thinking that investment by companies can be taken as a given. However, we have Europe-wide and sometimes global companies, and there is limited money to invest—in fact, there is a competitive position. It is important that we get the investment in this country, so we must understand the incentives to get the private sector to invest. If we do not do that, we will have what we have now: confusion and a lack of investment, owing to the poor framework set up by the Government.