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Dept of Energy & Climate Change  -     

HM Government Statement Re Carbon Capture, Storage

Released 14:57 25-Nov-2015

RNS Number : 9664G
Dept of Energy & Climate Change
25 November 2015

HM Government Statement to Markets Regarding Carbon Capture and Storage Competition

25 November 2015

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

This decision means that the CCS Competition cannot proceed on its current basis.  We will engage closely with the bidders on the implications of this decision for them. 


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HM Government Statement Re Carbon Capture, Storage - RNS