CCS plans mired in confusion as Treasury raids £1bn fund

James S Murray
clock •

Green groups fearful as Osborne prepares to announce road-building, carbon tax breaks and delay to fuel duty increase

The future of the UK's carbon capture and storage (CCS) programme was thrown into confusion this morning, when chief secretary to the Treasury Danny Alexander revealed that the Treasury will raid the £1bn...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Politics

What does true pragmatism look like in an age of climate crisis?

What does true pragmatism look like in an age of climate crisis?

Andy Burnham has promised a 'pragmatic' approach to North Sea drilling, but who gets to decide what that word even means?

James Murray
clock 01 October 2026 • 8 min read
Change agent: Burnham's support for clean energy is welcome, but tough choices await

Change agent: Burnham's support for clean energy is welcome, but tough choices await

The Prime Minister is serious about climate action and has the political ability to sell his vision, but imminent decisions on North Sea drilling and electric vehicles could undermine his green ambitions

James Murray
clock 30 September 2026 • 4 min read
Andy Burnham hails critical role of renewables and nuclear in curbing UK energy costs

Andy Burnham hails critical role of renewables and nuclear in curbing UK energy costs

Prime Minister presents vision for bringing key services such as energy, water and housing 'back under strong public control', as he hints at plan to bring UK energy costs back into line with European competitors

James Murray
clock 29 September 2026 • 10 min read