12 h. ago National Wealth Fund to put £28m into carbon capture project

Peak Cluster is also backed by £31 million from the private sector.

Economics

4 d. ago Takeaways from AP report on company that sold 200,000 carbon credits to remove CO2 from ocean

A startup called Gigablue claims to have reached a milestone by selling 200,000 carbon credits for its ocean-based carbon capture technology

Politics

4 d. ago Company's carbon credits raise questions about unproven ocean technology to fight global warming

A startup called Gigablue claims to have reached a milestone by selling 200,000 carbon credits for its ocean-based carbon capture technology

Events

1 week ago How carbon capture works and the debate about whether it's a future climate solution

Power plants and industrial facilities that emit planet-warming carbon dioxide are hopeful that Congress will keep tax credits for capturing the gas and storing it deep underground

Politics

2 w. ago Reeves promised oil industry ‘quid pro quo’ over windfall tax in private meeting

Government accused of making ‘secret exchange deal’ with fossil fuel companies to compensate for tax hikeThe chancellor, Rachel Reeves, told a fossil fuel company the industry would receive a “quid pro quo” in return for higher taxes on its windfall profits, it can be revealed.In a meeting with the Norwegian state energy company Equinor on 27 August, Reeves suggested that the government’s carbon capture, usage and storage (CCUS) subsidies were a payoff for oil firms being hit with a higher tax rate. Continue reading...

Economics

3 w. ago UK's borrowing costs under Labour are the worst in the developed world

British Government debt already stood at a bloated 80 per cent of national wealth ahead of the pandemic. It is now hovering at around a frightening 100 per cent of national output.

Politics

3 w. ago Acorn carbon capture: The £18bn project that could protect 35000 jobs remains a pipedream

The key carbon capture project that could revitalise the North Sea economy in the net zero world, will still need final support from the UK government.

Economics

3 w. ago Readers Letters: Believe carbon capture project support when we see it

Chancellor Rachel Reeves says financial backing for the Acorn carbon capture and storage project is coming but when, asks reader

Politics

3 w. ago Ed Miliband: We 'owe Scotland' over £200m Acorn project funds and 'unlimited' jobs potential

Ed Miliband has claimed there are “unlimited opportunities” for energy jobs in Labour’s vision for the North Sea.

Economics

3 w. ago UK Government ‘committed’ to Acorn carbon capture project in Scotland – minister

Kirsty McNeill said the inclusion of development funding for the scheme in the spending review shows the Government’s support for it.

Politics

3 w. ago Chancellor announces funding for Acorn carbon capture project

The project had previously been overlooked for funding.

Politics

3 w. ago Acorn carbon capture project funding to finally be announced in Rachel Reeves spending review

Details of funding for the Acorn project are set to be announced by Chancellor Rachel Reeves as part of Wednesday’s Spending Review.

Economics