The latest bid to develop technology which traps and stores carbon emissions is already in doubt after a key European partner scaled back its plans, days after UK ambitions were reignited. Norwegian ministers slashed the expected state investment in a trailblazing industrial carbon capture project by 90pc in response to growing political doubts over its costs. The swingeing cut emerged the same day UK ministers pledged to work with international partners in a second bid to develop a carbon capture and storage (CCS) industry, after the failure of its £1bn scheme two years ago. The Norwegian move spells trouble for Britain’s fresh plans because its ambitious linchpin project is considered a key template for the burgeoning industry, in which international collaboration is vital to bring down costs.
Telegraph 14th Oct 2017 read more »