text_body: --- DIVISION TITLE ---
  
  Financial Assistance to Industry - Authorisation of Payments To Compensate for Indirect Costs of the UK Emissions Trading System or the Carbon Emissions Tax and Carbon Price Support Mechanism 
  
  --- MOTION EFFECT ---
  
  The majority of MPs voted to authorise payments to industrial companies to compensate them for indirect costs of the UK Emissions Trading System or the Carbon Emissions Tax and Carbon Price Support mechanism. 
  
  The stated policy aim was set out in committee the day before the vote as being "to ensure that manufacturing was able to remain competitive during the shift to a low-carbon economy and to minimise carbon leakage"[1].
  
  Carbon leakage was described as including the situation where "for reasons of cost related to climate policies, businesses were to transfer production or reallocate investment to other countries that have lower carbon pricing policies. That could lead to an increase in global greenhouse gas emissions".[1]
  
  The motion supported by the majority of MPs in this vote was:
  
  :That this House authorises the Secretary of State to undertake to pay, and to pay by way of financial assistance under section 8 of the Industrial Development Act 1982, sums exceeding Â£30 million and up to a total of Â£300 million in respect of compensation for indirect costs of the UK Emissions Trading System or the Carbon Emissions Tax and Carbon Price Support mechanism in each case to British Steel Ltd; Celsa Manufacturing (UK) Ltd; CF Fertilisers UK Ltd; DS Smith Paper Ltd; INEOS Chemical Grangemouth Ltd; INEOS ChlorVinyls Ltd; Kimberly Clark Ltd; Outokumpu Stainless Ltd; Palm Paper Ltd; Runcorn MCP Ltd; SABIC UK Petrochemicals Ltd; Tata Steel UK Ltd; and UPM-Kymmene (UK) Ltd.
  
  
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  * [1] [https://hansard.parliament.uk/commons/2020-12-07/debates/a64117e6-3f81-48df-834e-38902a9c743c/FinancialAssistanceToIndustry House of Commons Official Record, Delegated Legislation Committee, Monday 7 December 2020], Parliament.uk
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  