January 2016

Managing Director Jeremy Carey unpacks the implications of the government’s decision to withdraw £1bn of funding for a large-scale demonstration of carbon capture and storage.

“In November, (right after the 2015 autumn statement) the government quietly cancelled the £1 billion capital funding grant that had long been promised for large-scale CCS demonstration in the UK. Most observers believe this is terminal for the White Rose oxycoal project and the Shell/ SSE Peterhead CCGT project…”

Read the full article, published by Utility Week (8-14th Jan 16), here.