Carbon capture: High degree of uncertainty whether risky £22bn investment by UK govt will pay off, says parliament's accounts committee committees.parliament.uk/committee/12... - ThreadSky

dpcarrington.bsky.social • 24 days ago

Carbon capture: High degree of uncertainty whether risky £22bn investment by UK govt will pay off, says parliament's accounts committee

https://committees.parliament.uk/committee/127/public-accounts-committee/news/205139/carbon-capture-high-degree-of-uncertainty-whether-risky-investment-by-govt-will-pay-off/

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paulwhitfield.bsky.social•23 days ago

£22bn for untested carbon capture… imagine the good that money could do for nature recovery that actually does capture carbon! But which they are just ignoring. It’s so depressing.

jsharp1436.bsky.social•23 days ago

Exactly, Paul! Well said.

robpountney.bsky.social•23 days ago

"Uncertainty"?
It's an absolutely insane plan in the noble UK tradition of wasting 1000s of millions on totally unworkable projects, white elephants, and pointless infrastructure, while allowing everything else to rot...
(That they intend to try & bury the waste in Wales is also par for the course)

absolutepinnacle.bsky.social•24 days ago

I mean, it's not though, is it? It's CCS, so it pretty certainly isn't worth it.

phumer.bsky.social•23 days ago

"Brave" Venture capitalists selling magical solutions that defy both the laws of thermodynamics and financialization. 🥴

https://youtu.be/6aDK3f0g7h8?si=H0g1wrTtUX5gGITV

philsturgeon.com•23 days ago

That’s a very diplomatic way of saying this expensive nonsense gimmick has a 99.9% chance of doing somewhere between “absolutely nothing” and “causes more emissions than it ever captures and stores.”

mryeswecan.bsky.social•23 days ago

What a stupid idea. There are better ways to do this - and cut carbon emissions.

ec-d.bsky.social•24 days ago

Colour me shocked (again)😱

Anyone with half a brain who knows anything at all about CCS said at the time of this announcement that the government was investing in a wholly unproven and speculative technology – that just happens to be promoted by the fossil fuel industry.

hughbl.bsky.social•24 days ago

Perhaps put £22 billion into developing tidal schemes instead – that would certainly pay off.

stockfttp.bsky.social•24 days ago

Would build just about all the proposed schemes.

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