- Posted by: Valerie Vaz MP
- Category: News
On Monday 10 January 2022 I voted on the Nuclear Energy (Financing) Bill at Third Reading. This Bill aims to change how new nuclear power plants are funded to ensure that they reach completion.
Amendment 1 aimed to limit the role of companies controlled by a foreign state and operating for investment purposes (such as the China General Nuclear Power Corporation) in funding British nuclear power. I voted in favour of this clause, which was lost: Ayes 204, Noes 316.
Amendment 9 would have obliged the Government to provide more information than is currently provided on cost estimates for nuclear projects, including decommissioning costs. I voted in favour of this clause, which was lost: Ayes 207 and Noes 315.
Amendment 3 aimed to protect consumers from bearing the cost of overrunning nuclear projects by not allowing such costs to be passed on to consumers. I voted in favour of this clause, which was lost: Ayes 207 and Noes 315.
The Labour party supports nuclear power for the future of Britain as part of our national shift from fossil fuels to sustainable energy. I voted in favour of the Bill, which passed its Third Reading: Ayes 458 and Noes 53.