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.
All that remains now is to review the punitive tax rates (currently 75 per cent) that remain a deterrent to offshore activity."
