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Mostly the captured carbon is utilised to extract more fossil fuels that would otherwise be un-economical to extract, so it's found a new lease of life
(Also this article seems to suggest that the money was already committed by the previous government, but I can't find a reference for that)
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it is,
labour took a 4m donation, amongst many, from oil and gas cayman investors, then installed one of their board members in key position on the climate policy board. mere weeks later they announce 22bn investment in carbon capture with eddy saying it can "preserve industries".
Even those in favour of CCS on an environmental front say it's an expensive, better than nothing, ad on to accomapany a steep decline in fossil fuel use. except the main use for carbon captured from the program is drilling for new oil and gas. reserves that wouldn't have been reached otherwise.
https://foe.scot/5-reasons-carbon-capture-should-not-be-relied-upon-to-meet-climate-commitments/
https://www.globalwitness.org/en/press-releases/world-cannot-meet-climate-targets-relying-carbon-capture-and-storage/we can expect these sorts of moves all over our state over the next 5 years, it's just climate science is transparent and immidiate, unlike healthcare impacts.
22bn could retrain and refit a whole lot of concrete and gas plants into green energy production or green construction firms. they're trained workers, they were not born into it.
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branwen
Maj
@amey
I genuinely thought "carbon capture" was discarded as unserious thing, is this true?