Tabled by
Lord Whitty
95ZBH: Line 13, at end insert—
“(c) make provision for any contingency fund prescribed by the Secretary of State under subsection (3A).
“(3A) Regulations shall enable the Secretary of State to require the establishment of one or more contingency funds either by a single energy undertaking, or by a number of energy undertakings or by all undertakings engaged in the on-shore gas and oil industry, and such a contingency fund shall be available to meet the cost of unforeseen damage to the environment or economic damage to any person or persons arising from the operation of oil or onshore gas activity.”