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Government withdraws CCS Commercialisation Programme 25/11/2015

Today, following the Chancellor’s Autumn Statement, HM Government confirmed that the £1 billion ring-fenced capital budget for the Carbon Capture and Storage (CCS) Competition is no longer available.

Commenting on the news that the budget for the CCS competition is no longer available, Leigh Hackett, CEO of Capture Power, said: “We are surprised and very disappointed by the Government’s decision to cancel the £1bn CCS Commercialisation Programme more than three years into the competition.

“It is too early to make any definitive decisions about the future of the White Rose CCS Project, however, it is difficult to imagine its continuation in the absence of crucial Government support.”