Use it or lose it: Carbon capture developers urge UK to back projects or risk capital flight

Industry operators active in carbon capture and storage (CCS) called on the UK government for assurances on its commitments to back the sector or risk losing investment.

Attendees at the Carbon Capture & Storage Association 2022 conference in London this week said clarity is needed from Westminster over funding available to support project developments, timing and the licensing of new ventures.

“Clarity on policy. Clarity on business models. That is what’s missing from the government,” SSE Thermal managing director Catherine Raw said, addressing a plenary session at the event.