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answer text |
<p>I refer the Noble Lord to the answer I gave him on 4<sup>th</sup> June 2019 to
Question HL15896, and to letters from the Permanent Secretary to the Department for
Business, Energy and Industrial Strategy to the Chair of the Public Accounts Committee
and the Comptroller & Auditor General, placed in the Libraries of both Houses,
outlining the terms of the Deed of Forfeiture bridge facility agreed between Government
and British Steel.</p><p> </p><p>The Deed of Forfeiture provides legal protections
to give Government control of 2019 EU ETS allowances, even under the scenario of insolvency.</p>
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