From NOT A LOT OF PEOPLE KNOW THAT
By Paul Homewood
h/t Doug Brodie
Another one bites the dust:
From the Telegraph:
Scotland’s flagship carbon capture project is at risk of collapse after its main backer announced plans to exit the scheme.
The Acorn project, based in Peterhead, Aberdeenshire, is being built to capture CO2 from heavy industry and then bury it under the North Sea.
But the driving force behind the project, energy group Storegga, said on Thursday it planned to sell its stake in the scheme, delivering a major blow to the net zero push spearheaded by Ed Miliband, the Energy Secretary.
Storegga said it would sell its Acorn stake following a “strategic review of its business, capital requirements and future structure”.
It said: “As part of this, we are progressing a structured sales process for our portfolio of assets, including the sale of our interest in the Acorn CCS project.
“With Acorn approaching a more capital-intensive phase, and with both the UK and Scottish Governments signalling the importance of its timely delivery, we have concluded that a new long-term owner would be better placed to take the project forward.”
Full story here.
TRANSLATION – It is all to risky and we don’t think we can make money out of it.
In particular, there is a concern that there may not be enough CO2 emitted by power plants and chemical works, such as Grangemouth, to make it worthwhile.
I would not be surprised if the idiot Miliband throws GB Energy (ie taxpayer) money at the project, as the SNP are demanding.
This all comes hot on the heels of BP cancelling their Teesside Hydrogen/CCS project.
Injecting realism will either kill or cure…
Tis the season for strategic reviews-
Energy giant AGL dumps offshore wind project, after bombshell auditor-general report | Sky News Australia
Tis the season to be jolly fala lala la lalalaaaaa!
I think we can now take it as read that the nutty zero unravelling will gather pace, although there are some rather huge “uncertainties”. Most people now accept that Starmer is on borrowed time and the burning question is who will plunge the dagger and seize the opportunity to replace him…
Unelected’ Prime Ministers
Thus far there are three apparent camps:
Wes Streeting allies are seeking to recruit ousted Angela Rayner to sign up to back him in a leadership contest in return for a Cabinet position and reinstatement as Deputy Prime Minister – LBC
[Andy] Burnham refuses to rule out Labour leadership hopes – BBC
But more worrying by far is the choice of the Labour Party membership:
Ed Miliband should succeed Keir Starmer as Labour leader, say party members – half of whom believe they will lose the next election if the Prime Minister stays in post. – DM
Gawd help us.
All fall down.
We are watching the collapse of Net Zero.
We saw its beginning, and now we are seeing its end. A few fanatics (like Miliband and Gore), hanging on to false realities, won’t change the course of events.
Worldwide Net Zero is a failed concept. It won’t happen. Some people are yet to be convinced of this, though. But Reality is surfacing and you can’t fight Reality.
It is not as serious as it sounds, since there is no evidence that it is necessary to control or limit CO2. There is no evidence that CO2 is anything other than a benign gas, essential for life on Earth, so Net Zero’s failure will have no effect on Earth’s weather or climate.
Net Zero is a decades-long exercise in Mass Delusion. Which would not have been possible without the lies and distortions put out by the Leftwing Media, fueled by a few corrupt climate scientists. Our society’s “Voices of Authority” are actually leftwing propagandists. Thus, they fool many people into believing in the False Realities they create.
Globalism – the elites – is the shepherd and the flocks, to their worldview, need culling. After all, what are they but useless eaters consuming valuable resources?
It should be obvious to anybody that “Carbon” capture
schemes are without merit but obviously it is not..
I don’t have enough knowledge to make a solid judgement. I have been looking.
It seems to be failing so far and looks uneconomic. The idea seems nutty. Endless professors claim they know how to do it.
I think if it really is viable it would be taking off with great success everywhere, like the steam engine or railroads.
I suspect energy corporations attempt it for green washing.
The only thing I am sure of is that I would not want to be near or downwind of any such construct.
Want to capture more “carbon”? Make more beer. Morons.
Carbon capture is destined to fail anyway. Ther is not a shred of scientific evidence to show it has any beneficial effects.
[Non biological] Carbon capture is destined to fail…
The beneficial effects, as Ukrainians would say, are golden toilets for the selected few at the top.
Perhaps Putin has those in his mansions. I’ve seen reports that he’s richer than Musk. I look forward to the day that Ukraine drops one of their Flamingo or Neptune missiles on one of those mansions.
Bigger is scarier.
NNN Gtn CO2 is much more worrisome than 430 ppm.
They know how to play the game.
“bury it under the North Sea”
What are the odds that it’ll stay there? Seems impossible to me.
Meanwhile the Norwegians are making money with new oil and gas discoveries.
story tip
WSJ 12/5/25
Equinor
made two new discoveries of gas and condensate in the North Sea, the Norwegian energy major’s largest discoveries so far this year.
Initial estimates indicate the reservoirs could contain 30 million to 110 million barrels of recoverable oil equivalent, the company said Friday.
“This demonstrates the importance of maintaining exploration activity on the Norwegian continental shelf,” said Kjetil Hove, executive vice president for exploration and production Norway at Equinor.
“There are still significant energy resources on the shelf, and Europe needs stable oil and gas deliveries.”
From article:”…carbon capture project…”.
I again cast my objection to the term “carbon capture”. It is CO2 they wish to remove. That means they are taking OXYGEN out of the atmosphere by a factor of 2:1.
it is more rightly called oxygen capture. We need to stop using their language.
Financial reality strikes insane project, about time.
Maybe Miliband can link-up with Australia’s Bowen and double the Net Zero effect?
More good news. I want so bad to admire England and Scotland but their governments are really making that hard. There is nothing more clear than wind, solar and storage don’t work. There isn’t a single proper scientific study proving higher concentrations of atmospheric CO2 will cause runaway catastrophic global warming. What a mess they have put their countries in.
Storegga might be trying to sell their share but who would be stupid enough to buy it? My guess is the next announcement will be about taking a write down and closing the whole thing down.
Not that I believe it is anything other than a colossal waste of money, BP’s NEP carbon capture program is the only thing keeping me in a job at the moment.