Enterprise and Regulatory Reform Bill — New Clause 22 — UK Green Investment Bank — Duty to Support Climate Change Act Targets — 17 Oct 2012 at 16:00
Geoffrey Cox MP, Torridge and West Devon did not vote.
The majority of MPs voted against requiring the UK Green Investment Bank to explicitly act in support of the target of reducing UK carbon emissions to 20% of 1990 levels by 2050 and in support of greenhouse gas reduction targets set under the Climate Change Act 2008.
MPs were considering the Enterprise and Regulatory Reform Bill. The new clause rejected in this vote was:
- (1) In interpreting the purposes in section 1(1)(a) to (e), it is the duty of the UK Green Investment Bank to assess whether the implementation of its investment strategy, or similar document outlining or amending the proposed investment portfolio of the UK Green Investment Bank will, as a whole, increase the likelihood of achieving carbon budgets and greenhouse reduction targets as set out under the Climate Change Act 2008.
- (2) In subsection (1), whether or not an investment strategy will increase the likelihood of achieving carbon budgets and greenhouse gas reduction targets shall be assessed compared to a scenario where identified investments or investment categories did not proceed.
- (3) In undertaking the assessment required under subsection (1), it is the duty of the UK Green Investment Bank to have regard to the advice and reports of the Committee on Climate Change required under sections 34, 36 and 38 of the Climate Change Act 2008.
- (4) The Board must make a decision to adopt or amend its investment strategy or similar document described in subsection (1), unless it is satisfied, as a result of the assessment in subsection (1), that the proposed investment portfolio will, as a whole, increase the likelihood of achieving carbon budgets and greenhouse gas reduction targets under the Climate Change Act 2008.
-  Parliament's webpage on the Enterprise and Regulatory Reform Bill
-  Version of the Enterprise and Regulatory Reform Bill as at the time of the vote
Votes by party, red entries are votes against the majority for that party.
What is Tell? '+1 tell' means that in addition one member of that party was a teller for that division lobby.
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||243 (+1 tell)||2||0||80.7%|
|Lab||0||206 (+2 tell)||0||81.6%|
|LDem||45 (+1 tell)||0||0||80.7%|
|Zac Goldsmith||Richmond Park||Con (front bench)||aye|
|Mike Weatherley||Hove||Con (front bench)||aye|
|Jim Shannon||Strangford||DUP (front bench)||aye|