My thoughts in Conservative Home on CCS and other energy opportunities:
Extract:
Rishi Sunak visited Aberdeen this week to announce the Government’s renewed backing for the North Sea oil and gas sector. In addition to green-lighting hundreds of future offshore licences, he also announced long-awaited support for Acorn, Scotland’s major Carbon Capture & Storage (CCS) project.
It’s encouraging to see some decisive action in support of the North Sea just as it was becoming politically fashionable to trash it; recognition, not in evidence from Labour or the SNP, that hydrocarbons will retain a key role in the future energy mix even on the drive toward Net Zero.