In a very welcome move, Chancellor of the Exchequer, Rishi Sunak announced funding for multiple carbon capture and storage projects in the UK, emphasising the Government’s environmentally friendly investment credentials. In his speech to parliament, Sunak said,
‘Carbon capture and storage is precisely the kind of exciting technology where Britain can lead the world over the next decade. I can announce today that we will invest at least £800m to establish two or more new carbon capture storage clusters by 2030. The new clusters will create up to 6,000 high-skill, high-wage, low-carbon jobs, in areas like Teesside, Humberside, Merseyside, or St Fergus in Scotland.’
