Further Reading

Saturday 5 October 2024

£22 Billion on Carbon Capture? It’s Hard to Think of a More Stupid Waste of Public Money

 The Government has pledged nearly £22bn for carbon capture and storage projects in a move that has united sceptics and alarmists in condemnation of the expensive and unproven technology. BBC News has more.

The Government said the funding for two “carbon capture clusters” on Merseyside and Teesside, promised over the next 25 years, would create thousands of jobs, attract private investment and help the U.K. meet climate goals.

Sir Keir Starmer, who is to visiting the north-west of England with Chancellor Rachel Reeves and Energy Secretary Ed Miliband to confirm the projects, said the move would “reignite our industrial heartlands” and “kickstart growth”.

But some green campaigners have said the investment would “extend the life of planet-heating oil and gas production”.

Carbon capture and storage facilities aim to prevent carbon dioxide (CO2) produced from industrial processes and power stations from being released into the atmosphere.

Most of the CO2 produced is captured, transported, and then stored deep underground...<<<Read More>>>...