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: