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:
Discover more from Watts Up With That?
Subscribe to get the latest posts sent to your email.
Ooops!
Clearly I intended “…after May 1997 when Labour left office…”
Sorry.
Richard
>>Andrews
>>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
I suppose you prefer the Marxist-Socialist policy of solving the debt crisis by borrowing ever larger dollops of money — the fiscal equivalent of giving a drunk anotger bottle of whiskey. Great policy, that, Andrew.
.
And still nobody has addressed the problem of a Gulf of Mexico blowout, with concentrated CO2 spreading out across the North Sea, driven by a light easterly wind. What will the Greens say, when all of thebeast of England is wiped out?
.
My apologies to Anthony for allowing myself to become a feeding station for the trolls Andrews and Courtney when they went off topic with left/right politics and debt levels. For the record, Andrews brought up the politics of left/right, and Courtney, who accuses me of trolling (ROFLMAO) about national debt when it was he who brought it up in the first place.
So apologies, once again Anthony. The irony is, that if we weren’t so much in debt in the UK we might be able to afford the development of CCS. The double irony is that, the national debt is only exacerbated by the idiocies of the DECC pumping money – our money – into so-called ‘renewables’.
Snotrocket:
Thankyou for your post at October 8, 2011 at 1:15 pm which begins;
“My apologies to Anthony for allowing myself to become a feeding station for the trolls Andrews and Courtney when they went off topic with left/right politics and debt levels.”
I always enjoy a good laugh and I like surealism. But this is a thread about CCS, and it is not the place for your comedic attempts so I suggest you return to beneath your bridge.
Richard
Richard, are we looking at the same graphs? Using the query function you can narrow the range – selecting 1990-2011 will produce a graph that shows you that Total UK Government Debt in 1997 was approximately 41% of GDP. By FY 2010 it was in the range 50-55% – and on a rising trend to 60% and beyond.
http://www.ukpublicspending.co.uk/downchart_ukgs.php?year=1990_2011&state=UK&view=1&expand=&units=p&fy=2011&chart=G0-total&bar=0&stack=1&size=m&color=c&title=
Um, I thought that CCS was shown to be without merit because the captured CO2 simply leaks back to the surface again.