§ Mr. PawseyTo ask the Chancellor of the Exchequer what assessment he has made of the impact on environmental protection of a windfall tax on the utility companies.
§ Mr. DorrellNone, but in the absence of other changes, an increase in the tax burden on utilities would reduce the resources available to them.
§ Mr. PawseyTo ask the Chancellor of the Exchequer if he will list the scope and value of tax incentives for companies for environmental protection projects for the last year for which figures are available.
§ Mr. DorrellThere are no specific incentives for companies' environmental projects, but the taxation system as a whole contains many incentives to protect the environment. These include the level of hydrocarbon oils duties and capital allowances which already cover energy saving investment.