Steel Industry (Nationalisation) Bill - 21st May 2026

Here are the climate-related sections of speeches by MPs during the Commons debate Steel Industry (Nationalisation) Bill.

Full text: https://hansard.parliament.uk/Commons/2026-05-21/debates/D7727851-30C5-485A-B107-7E792BA527B9/SteelIndustryNationalisationBill

Peter Kyle (Labour)

For too long, the steel sector in this country has been left to fend for itself, abandoned by Government, demoralised, starved of resources and the victim of international market distortions. Crude steel production has declined by more than 50% in the past decade. Capabilities have been reduced, and communities have been let down. Previous Governments have been too reactive and not proactive. This Government will not repeat the errors of the past. We are building the future for British Steel. While the industry faces challenges today, we will do everything we can to help it modernise and grow. This legislation allows us to apply that policy to this industry. We recognise that securing the long-term future of the UK steel sector relies on public and private investment for modernisation, so that the UK can become a global leader in clean green steel, electric arc furnaces and decarbonised steel production.

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15:40 Andrew Griffith (Conservative)

“this House declines to give a Second Reading to the Steel Industry (Nationalisation) Bill because it believes that politicians should not be running businesses; because expropriating businesses sets a precedent that will deter inward investment into other UK businesses; because the Bill exposes taxpayers to unlimited liabilities; because the powers that the Bill confers on Ministers are far wider in scope than would be required for its stated purpose; and because it fails to contain any measures that would address the issues which are currently making domestic production of steel unprofitable such as higher employment costs and policies in pursuit of net zero, such as carbon taxes and associated regulations and levies.”

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Sarah Olney (Liberal Democrat)

The Bill’s measures are subject to a public interest test, but there are limited details about what that test will involve. Will the Government allow Parliament to scrutinise the criteria for the test, and publish a detailed report setting out why they believe they have been met? How will the Minister ensure that the aim of protecting the vital infrastructure and manufacturing sectors is balanced with sustainable energy commitments? Will he confirm that when compensation is calculated, Jingye will be financially responsible for any environmental damage caused? What consideration will be given to the affected workforce, and to ensuring that jobs and skills are protected?

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