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Seòmar agus comataidhean

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 29 July 2025
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Displaying 2597 contributions

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Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 15 March 2023

Colin Beattie

Derek, what about you?

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 15 March 2023

Colin Beattie

You have not mentioned the constraints and barriers that would affect your ability to invest and engage. Can you elaborate a little bit on that?

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 15 March 2023

Colin Beattie

Good morning, and welcome to the eighth meeting in 2023 of the Economy and Fair Work Committee. Apologies have been received from Claire Baker, Maggie Chapman and Colin Smyth.

Our first item of business is the fourth evidence session of our inquiry into a just transition for the Grangemouth area. Today’s session will focus on how innovation and just transition can be supported by partnership working across national bodies. I welcome Derek Shaw, director of innovation and place at Scottish Enterprise. From the Scottish National Investment Bank, I welcome Mark Munro, interim head of investment origination, and David Ritchie, executive director for partnerships and engagement. As always, I ask members and witnesses to keep their questions and answers as concise as possible.

My first question is straightforward. How do the Scottish National Investment Bank and Scottish Enterprise support the decarbonisation of industry in Scotland, particularly in Grangemouth? What constraints and barriers do you face? Derek, please start off on that.

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 15 March 2023

Colin Beattie

You mentioned carbon capture, which is a hugely expensive and as yet slightly untried technology. What sort of investment are you putting into that?

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 15 March 2023

Colin Beattie

I also asked about constraints and barriers. Where do you perceive those to be?

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 15 March 2023

Colin Beattie

One of the discussions that we have had over time around this table has been the definition of a just transition. Your quotation is virtually the Scottish Government’s interpretation of it, which is fine, but how do you, as a bank, define that and make it part of what you are doing? Just transition means different things to different people, as we have found. How do you weave it into your investment decisions?

09:45  

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 15 March 2023

Colin Beattie

Oh, just pick one.

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 15 March 2023

Colin Beattie

I am not sure that I like the term “de-risk”. It makes it sound as though a proposition carries no risk, whereas, in effect, we are transferring a degree of the risk to the public sector. Perhaps we should find another term.

If members have no more questions for the panel, that brings us to the end of the evidence session. I thank the panel members for attending and for giving their time.

10:52 Meeting continued in private until 11:05.  

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 15 March 2023

Colin Beattie

Mark, would you like to add anything?

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 15 March 2023

Colin Beattie

Thank you. I will move on to questions from other members.