Pursuing carbon capture and storage (CCS) technology could create a new industry worth between pounds 15bn and pounds 35bn by 2030 employing tens of thousands of people, a report from the industry and trade unions has found.
It could also cut energy bills by about pounds 80 a year, according to the study by an independent consultancy for the
CCS involves removing carbon dioxide from power stations, compressing it and piping it under the ground. This is technically feasible, but there are no commercial projects as yet, only small-scale trials. If the
Most Popular Stories
- Koch Brothers Step up Anti-Obamacare Campaign
- FDIC Sues Big Banks Over Rate Manipulation
- Vybz Kartel Convicted of Murder
- Is Malaysian Airlines Flight 370 in Andaman Sea?
- SoCalGas Reaches Record Spend on Diversity Suppliers
- FDIC Accuses Big Banks of Fraud, Conspiracy
- Stocks Close Lower Ahead of Crimea Vote
- U.S. Consumer Sentiment Falls in Early March
- Ulta Shares Look Good on Strong Q4
- Jittery Investors Dumping Russian Stocks