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Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 5 May 2021
  6. Current session: 12 May 2021 to 10 May 2025
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Displaying 1523 contributions

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Finance and Public Administration Committee

Effective Scottish Government Decision Making

Meeting date: 28 March 2023

Michelle Thomson

Before I bring in James Black, I have a quick question for you. How much evidence do you see of proper risk management in terms of disaggregation and risk probability outcomes and so on, from an academic perspective? Do you see that being done routinely? I have come across examples when speaking to ministers where there does not appear to be any awareness of how to disaggregate risk. I do not know whether that is something that you have seen.

Finance and Public Administration Committee

Effective Scottish Government Decision Making

Meeting date: 28 March 2023

Michelle Thomson

Thank you.

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 22 March 2023

Michelle Thomson

I will ask just one more question, because a lot of information has been brought out and I know that my colleagues will want to pick up on it.

The focus of our inquiry is a just transmission for Grangemouth, and we have talked about some of the significant structural issues. To add to that, I ask each of you to give a view on how we can overcome another structural issue around financing, which concerns the role of women-led businesses, and incorporate up front the measures that Heather Buchanan outlined. The just transition is a massive area. To what extent are your representative organisations aware of the importance of women and women-led businesses being at the heart of it?

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 22 March 2023

Michelle Thomson

I declare an interest as an ambassador for the all-party parliamentary group on fair business banking, with which I think Heather Buchanan now has a peripheral involvement.

Heather, you used a term that intrigued me when you talked about devising a glide path rather than a cliff edge. To me, that speaks to the current mismatch between the demand side and the supply side. I am interested in understanding the golden threads and the building blocks that are needed to be able to cut through. I know that Bankers for Net Zero has sent out a paper about something called Perseus, and you mentioned methodologies up front that are presumably meant and devised to be scalable. Equally, I think that NatWest and the ABI will be looking for those things, because they are the enabling structures.

Will you give us a little more flavour of what should ideally be in place to ensure that we have a glide path and not a cliff edge? Following on from that, what roles can the UK Government and particularly the Scottish Government play?

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 22 March 2023

Michelle Thomson

James, is the concept of scalable building blocks and underpinning measures something that you are looking at as well?

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 22 March 2023

Michelle Thomson

Ben, given your representatives’ wish for long-term patient capital, will you add your view on the concept of scalable commoditisation, if you like, of the market? Having heard what the two other panellists have said, how confident are you that we can really pull the golden threads together in the time in which we need to act, given the scale of the challenge?

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 22 March 2023

Michelle Thomson

So it is good that I asked the question.

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 15 March 2023

Michelle Thomson

I will finish off this bit. Derek, can you see the benefit of building in community benefit requirement mechanisms to square the circle in respect of some of these investments?

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 15 March 2023

Michelle Thomson

I have a slightly different question before I finish up. Am I correct that you are involved in the Grangemouth future industry board?

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 15 March 2023

Michelle Thomson

I absolutely understand about the principles of fair work. The discussion that you suggest would be helpful because you are at the coal face and you are monitoring the existing investments. The discussion is about your suggestions for how those principles can be deepened to put the community at the heart of things.

I will turn to SNIB. As you explained, you have not made investments, but how would you, by way of your impact assessment, ensure that the community is at the heart of things? To what extent is there a conflict when, obviously, you are skiting across the top looking at a return on your investment and at your debt to equity ratios and so on? I appreciate that this is in principle, given what you said earlier.