Water Industry (Financial Assistance) Bill — Clause 2 — Risk Managment Framework — Providing Financial Assistance for Water Infrastructure — 14 Mar 2012 at 16:15
Dominic Grieve MP, Beaconsfield voted against requiring the use of a specified risk management framework when providing financial assistance for the construction of water infrastructure.
The majority of MPs vote against requiring the use of a specified risk management framework when providing financial assistance for the construction of water infrastructure.
MPs were considering the Water Industry (Financial Assistance) Bill. The amendment rejected in this vote was:
- Amendment 4, page 3, line 3, at end insert—
- ‘(5A) Financial assistance may only be given under subsection (1) if the financing of the infrastructure is being secured by a group company which has adopted the equator principles.’.
Had the amendment not been rejected the additional subclause would have been added to clause 2 of the Bill which was titled Financial assistance for major works and would have added a condition to when the Secretary of State may give financial assistance for the construction of water or sewerage infrastructure.
The Equator Principles form a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in projects and are primarily intended to provide a minimum standard for due diligence to support responsible risk decision-making. The Principles also include transparency and stakeholder engagement requirements.
-  Parliament's webpage on the Water Industry (Financial Assistance) Bill (now an Act)
-  Clause 2 of the Water Industry (Financial Assistance) Bill as at the time of the vote
Votes by party, red entries are votes against the majority for that party.
What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.
What is Turnout? This is measured against the total membership of the party at the time of the vote.
|Party||Majority (No)||Minority (Aye)||Both||Turnout|
|Con||257 (+1 tell)||0||0||84.3%|
|Lab||0||212 (+2 tell)||0||83.3%|
|LDem||43 (+1 tell)||0||0||77.2%|