Douglas Lumsden
MP for Aberdeen South · Conservative · United Kingdom
“Q Andrew, I think you said earlier that one of the issues was uncapped cost overruns for the contractor. What is the consequence of that? Does it scare some contractors away? Andrew Truscott: Not for the contractor; for the investor. Sorry—if I said “contractor”, I meant “investor”. Apologies. I do not care about the contractors.”
House of Commons29 October 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“Q Minister, we heard from the last person who gave evidence, the investor, that he would not be able to invest because of the uncapped cost overrun risks. You heard that as well. Would you look at it again to make changes to ensure investors are not so scared away by that risk?”
House of Commons29 October 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“Q We heard from an earlier panel that the operator has limited incentives for cost control and that there is a risk of taking “costs off the book without any level of scrutiny.” Do you understand what they are talking about in that?”
House of Commons29 October 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“Q What do we need to do to change that? Andrew Truscott: Again, I am getting well over my skis, so apologies, but it is about being smart. I am not just suggesting that this all lands on the country balance sheet, whether it is the National Wealth Fund taking excess risk above a certain threshold and therefore becoming an equity investor…”
House of Commons29 October 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“Q If an operator in future was not making any money and was going under, who would step in? Would it be you? Will Godfrey: Before we get to that point, it is worth bearing in mind whether there are other potential investors willing to buy out the company that is struggling.”
House of Commons29 October 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“Q Mr Garratt, you mentioned that you would like ministerial assurance that the Bill will not be used more widely across the rest of the country. Is ministerial assurance enough, or would you like to see something in the Bill to ensure that it is not a Trojan horse, as the Minister says it will not be?”
House of Commons29 October 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
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“Draft 1 of the Scottish Government’s energy strategy was released over three years ago, with a presumption against new oil and gas. Does the hon. Member agree that that is damaging, and that it is time the SNP scrapped that policy?”
House of Commons24 June 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗