Another billion plus down the drain. I guess it wasn’t “sustainable”.
…
The potential demise of the scheme comes amid growing fears among renewable power enthusiasts that David Cameron and George Osborne want to scale back the “green” agenda on the grounds that low-carbon energy schemes such as CCS and offshore wind cost too much at a time of austerity. Osborne told the Conservative party conference in Manchester that if he had his way the UK would cut “carbon emissions no slower but also no faster than our fellow countries in Europe”.
Scottish Power, and its partners Shell and the National Grid, have just completed a detailed study of the CCS scheme and have deep concerns about its commercial viability without heavier public backing.
Full story here
Of course this just follows a long line of FAIL, the most prominent being the death of the Chicago Climate Exchange and it’s nickel a ton flatline:
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gee…..it didn’t work because the government would have to pay more tax money…and it they spend more tax money….more people will be out of work…..and they will have less tax money to spend
and these people were elected why?
Al Gores investments are worse than mine by a factor of? Count the 0’s.
Creeeak……..Groaan……Caution, falling debris!
Now if we can get Europe to drop their carbon emission tax on aircraft.
Britain’s Climate Change Minister, Greg Barker, said: ”We welcome today’s legal opinion. The UK and EU will continue to robustly defend our policy to bring aviation into the EU’s emissions trading system and believe it is consistent with international law. The aviation industry, in the same way as other industries, needs to play its part in reducing emissions.”
Read more: http://www.smh.com.au/world/europes-airline-emissions-levy-gains-legal-backing-20111007-1ldvr.html#ixzz1a7uFG2iD
Really? I don’t believe it! They should throw another couple of billion pounds at it! I mean, we’re trying to save the planet right? From vicious attack plant food right? We should get rid of it all, I mean down to the last molecule. Yes, that will kill us all, but CO2 is evil! Wait. What!?!
Reality starts to prevail at last. Meanwhile in a parallel dimension …
http://www.guardian.co.uk/environment/2011/oct/07/europeans-climate-change-poll
Does this qualify for cognitive dissonance?
http://ec.europa.eu/public_opinion/archives/ebs/ebs_372_en.pdf
“have deep concerns about its commercial viability without heavier public backing.”
Isn’t that the whole story of this “green” fiasco? The “green” they are talking about is the taxpayer’s money. It is about cash. It isn’t about the environment at all. That thing would not make any measurable difference in global CO2 emissions. The impact would be absolutely negligible. It would, however, have significant impact on some people’s pocketbooks and political ambitions and that is what it is really all about, isn’t it?
Surely “commercial viability” and “public backing” in the same sentence constitutes an oxymoron, even in the socialist land of our British brethren.
Maybe if they captured diamonds instead of coal…
Don S,
Would that we did have some kind of left leaning government here in the UK.
Instead we have a very right wing Tory party that has no idea how to tackle the economic crisis we face propped up by a Lib-Dem party that is so drunk with power ( it has’nt had any in the last 90 years) that it can’t really remember what it stands for.
BTW, your so called ‘ commercial viability’ manages to leave some 40 million plus of your fellow Americans without adequate access to healthcare facilities. Are you not alittle bit ashamed about that?
I wonder.
Can a cemetery get carbon credits for carbon sequestration.
Commercial viability has been redefined as any thing that is deemed so, by authority, as green.
“Think about our great grandchildren?” seems to be the only justification of the green economic prime model. Naked men – all of them. GK
Dave Andrews,
You are mistaken, it is against federal law for any hospital to turn away anyone because of their inability to pay. No one in the U.S. is denied health care, and they don’t have to wait.
OTOH, we routinely hear about the horrors of the UK’s health care system, where people regularly expire while waiting months or more for care.
Pity, CO2 injection could raise the height of their land over rising sea levels.
@Stu Pidd says at 12:11 pm:
“Al Gores investments are worse than mine by a factor of? Count the 0′s.”
Al Gore made most (if not all) of his money from Google options where he became a consultant who was hired by his pal and newly-installed CEO Eric Schmidt back in early 2001, shortly after leaving the office of VP. The actual numbers are unknown, but it would have been preposterous for Gore to have been offered such a position for **anything less than** 100,000 pre-IPO Google options worth $40 million by 2005. 250,000 or so would sound more reasonable (i.e., $100 million by 2005). So say somewhere in that range. IIRC Schmidt received several million options upon hire.
Then if you look at Gore’s primary offshore investment vehicle Generation Investment LLP – based in London and staffed by 18 of 21 partners ex-Goldman Sachs – you’ll see that 90 percent of the bread and butter portfolio is not really “green”, unless you believe that Adobe Inc. is “green.” Pertinent and recent filings about the Generation portfolio are here, it’s a few billion at the moment, but not much “green” in it:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001375534&owner=exclude&count=40
“Dave Andrews says:
October 7, 2011 at 1:26 pm
BTW, your so called ‘ commercial viability’ manages to leave some 40 million plus of your fellow Americans without adequate access to healthcare facilities. Are you not alittle bit ashamed about that?”
Not in the slightest. I am not the one who changed the word welfare to entitlement.
Work for it.
We have it in our own hands, or more technically, within our our breathing, the ability to reduce carbon emissions.
On the average a human emits 900 grams daily of this world destroying gas into the atmosphere. That’s nearly a Kilo! And when you multiple that by 6 billion people we are talking significant numbers.
If we could reduce that by 20-30 % we are on our way to a sustainable green environment.
How?
1. Mandatory Yoga lessons for every one in the world. This would eliminate or reduce hyperventilating due to excess emotional reactions with the resultant increase in CO2 release.
2. Eliminate all sports events that require excessive breathing and crowd excitement.
3. Monitoring of each persons expiration rate and CO2 release and take stringent measures to reduce or control the CO2 emitted. This is now well within our technical capabilities.
This new world organization should be named “Life Support for the World”.
4. And for the greater good and a sound green environment … yes, it may have to be done, those who are Carbon Traitors must be removed and their Carbon residue carefully stored so it cannot enter the environment.
Let’s keep the Longannet CCS facility open so we’ll have an accessible repository for those who have no concern for the best interests of the World and The Environment.
Dave Andrews says…
I’m sorry, which American doesn’t have access to healthcare? You threw out the term 40 million, so my guess is you can name at least one, right? This person (extra points if you can name two) wouldn’t have access…why? Can’t they find the door to the ER?
No, they get health care. They don’t have health insurance, but they still get healthcare. As we may soon learn the hard way, healthcare and health insurance aren’t the same thing. What will happen when those 40 million (or 15 million, or 30 million, pick a number) suddenly get health insurance but the number of providers does not go up? We’ll have over 300 million with health insurance but inadequate care.
In Canada we have full health care for everyone. Now we all have the right to die waiting in line for substandard and insufficient care. Yes, I’m very ashamed.
Simple comment…
Good!
“Scottish Power, and its partners Shell and the National Grid … have deep concerns about its commercial viability without heavier public backing.”
“Heavier public backing” means obtaining higher subsidies than they already get. That in turn means that CCS is not commercially viable at all. To equate some process requiring subsidies with commercial viability is to violate sensibility and to make a mockery of economics.
To Dave Andrews:
It is first the responsibility of people to get their own healthcare for themselves and their families. Those who live their lives imprudently do not have a right to demand healthcare from their fellow citizens (see the fable The Grasshopper and the Ants for the essence of this point). To use the power of government to take from those prudent enough to be able to pay taxes to give to the to the non-productive is a form of slavery and is immoral. Charitable giving is another matter entirely.
Yet, because Americans are generous people, 100% of people in our land, citizens or not, have access to healthcare. It is everywhere the law of the land in America that Emergency Rooms cannot deny healthcare because of inability to pay, even for minor illnesses and injuries. Everyone gets treated. I have been an ER physician and can attest to this. It is true that this inadvertant socialization of healthcare in America is economically inefficient and awkward in some ways, but it does not carry the enormously destructive effects on quality and access that the British government system now has, and that Obamacare would visit on us if the US Supreme Court does not set things right
Today I treated 3 patients well over 65 years old for complications related to kidney failure and dialysis. My understanding is that in the UK these patients would have been denied dialysis because of age, and hence would be dead. The Brits have no basis to look askance at Americans regarding the access of ordinary people to healthcare.
They’ve probably come to the logical conclusion that assistance is futile-
http://www.news.com.au/breaking-news/euro-greenhouse-gas-emissions-up-in-2010/story-e6frfku0-1226161630150
Dave Andrews seems to be a bit clueless if he thinks that the current UK government is even vaguely conservative. We need them out and a proper conservative government in. Preferably UKIP.
Regarding US healthcare it seems he confuses insurance with health care. I see that some others have set him straight on that so I will only add that I have been to hospitals in both the US and the UK and the UK did not compare well.