Massive CCS investment deal at risk after Treasury scraps demonstration funding

James Murray
clock

EXCLUSIVE: More than £100m of Chinese investment was lined up for White Rose carbon capture project, ahead of Treasury pulling plug on promised £1bn CCS funding

Hundreds of millions of pounds of foreign investment looks set to be lost as a result of the government's shock decision to scrap the long-awaited £1bn carbon capture and storage (CCS) demonstration funding...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on CCS

Enfinium confirms plans for first carbon capture pilot project in Wales
CCS

Enfinium confirms plans for first carbon capture pilot project in Wales

Energy from waste operator teams up with Kanadevia Inova to deploy new pilot project to capture CO2 from Welsh plant

Stuart Stone
clock 05 March 2025 • 4 min read
Government 'gambling' on carbon capture technology, spending watchdog warns
CCS

Government 'gambling' on carbon capture technology, spending watchdog warns

Public Accounts Committee cautions there is high degree of uncertainty over whether 'risky' CCUS investments will pay off

Stuart Stone
clock 07 February 2025 • 6 min read
We only have time to focus on proven solutions for carbon removal
CCS

We only have time to focus on proven solutions for carbon removal

Carbon removal investors should focus on low-risk, scalable nature-based solutions, rather than complex technologies that require vast amounts of funding, research and development, argues Alastair Collier from UK climate tech firm A Healthier Earth

Alastair Collier, A Healthier Earth
clock 06 January 2025 • 4 min read