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UK Energy Ministry rules out Nationalisation option for CCS

10 July 2015

The UK government will continue to place its faith in a competition framework to drive carbon capture and storage (CCS) on the island, despite industry chiefs suggesting that a national corporation be set up to push the technology on a temporary basis.

Amy Clemitshaw, a top official at the department for energy and climate change, responded to that effect to a point from the floor at the Westminster Energy, Environment and Transport Forum on Tuesday that the UK ought to set up a 1980’s-style British national storage corporation in order to give CCS the lift it needs to succeed.

Lord Oxborough, President of the Carbon Capture and Storage Association, attempting to relate why progress had been so sluggish, told delegates that he had been asked by the Gordon Brown-led Labour administration to set up a small team aiming at just that brief.

“(Then energy minister) Charles Hendry had approached me to get off the ground a government-backed corporation which would then be sold off over the next 5-10 years. CCS has got to look like an attractive investment and government must give a fiscal nudge to make it attractive.”

Read more at:
http://www.powerengineeringint.com/articles/2015/07/uk-energy-ministry-rules-out-nationalisation-option-for-ccs-for-now.html

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