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Government ‘putting its money where its mouth is’ with £200m for Acorn scheme
- Energy Secretary Ed Miliband announced a £200 million funding package to support the advancement of the carbon capture and storage initiative located at the St Fergus gas terminal in Aberdeenshire.
- The funding follows the UK government's spending review and comes amid calls from the Scottish Government to support the previously overlooked Acorn scheme.
- Acorn aims to safeguard about 18,000 jobs, including those at Grangemouth, by capturing CO2 and transporting it through over 200 miles of pipelines to storage under the North Sea.
- Miliband highlighted that the Government is making a significant financial commitment to the innovative Acorn and Viking carbon capture and storage initiatives, which are expected to generate thousands of skilled jobs and promote industrial revitalization.
- The investment signals a step toward building a UK CCS sector, but campaigners warn funds favor oil companies and question carbon capture's long-term climate impact.
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Evening Standard+11 Reposted by 11 other sources
Government ‘putting its money where its mouth is’ with £200m for Acorn scheme
Energy Secretary Ed Miliband visited the Acorn site in Aberdeenshire as it was confirmed it would get £200 million of development funding.
·London, United Kingdom
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Total News Sources22
Leaning Left6Leaning Right0Center11Last UpdatedBias Distribution65% Center
Bias Distribution
- 65% of the sources are Center
65% Center
L 35%
C 65%
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