The government is set to invest several hundred million pounds in carbon capture and storage technology as part of its action plan to tackle climate change. ITV News understands that on Wednesday the prime minister will pledge to help fund four carbon capture and storage “hubs” in the UK – in Scotland, Wales, the Humber and Teesside – and to have them up and running “by the mid-2020s”. Net Zero Teesside is one of the projects set to receive financial support from the taxpayer. The project is being developed by BP, ENI, Equinor, Shell and Total, with BP leading as operator. The plan is to capture carbon dioxide (CO2) emissions from a range of heavy industries, including a gas-fired power station and chemical plants.
ITV 16th Nov 2020 read more »