Green Subsidy Ended – That’s The End For Carbon Capture And Storage
The big question is why?
In these times of austerity and cutback is Chris Huhne’s Department of Energy and Climate Change wasting £1 billion on a pointless carbon capture and storage scheme, when the money could be put to far better use paying off the huge debt that Gordon Brown left this country with.
Last week another project costing £860 million, the Renewable Heat Incentive was fortunately stopped by the EU, the combined cost of these Green initiatives nearly £2 billion.
The main reason for the failure of Longannet is the need for more subsidy from the tax payer:
Talks between the Department of Energy and Climate Change (Decc) and Scottish Power have run into deep trouble and the electricity supplier is expected to pull the plug on the government-promoted scheme, which hoped to bury carbon emissions from the coal power station in the North Sea.
The potential demise of the scheme comes amid growing fears among renewable power enthusiasts that David Cameron and George Osborne want to scale back the “green” agenda on the grounds that low-carbon energy schemes such as CCS and offshore wind cost too much at a time of austerity. Osborne told the Conservative party conference in Manchester that if he had his way the UK would cut “carbon emissions no slower but also no faster than our fellow countries in Europe”.
Scottish Power, and its partners Shell and the National Grid, have just completed a detailed study of the CCS scheme and have deep concerns about its commercial viability without heavier public backing.
Carbon Capture and Storage, like wind farms, solar and biomass can only function with excessive tax payer funded subsidies otherwise they fail, quite simply because they are too expensive.
George Osborne’s words are going to both haunt the warming alarmists and be used by them as a last ditch rallying cry, the Conservative Party Conference has proved that like in America, warming alarmism is a left wing liberal agenda.
Decc had promised £1bn of public money but the developers are understood to be arguing that they cannot proceed without more money to trial the scheme, close to the Firth of Forth.
Green investment, the no risk venture capitalism, because the tax payer will protect those that follow the building of symbols of Climate Religion, from financial loss.
But an industrialist embedded in his department told the Guardian that ministers were now internally questioning renewable power and other schemes that involved substantial public subsidies.
Not before time are the huge subsidies paid to renewable enrgy being questioned, no longer can vaugue statements about stopping a 2 C temperature rise be taken seriously, the junk science of global warming has failed on each and every occaision, their dire warnings and messages of fear have all failed to materialise and it is time the money stopped for this scam.
Posted on October 6, 2011, in Anthropogenic Global Warming, Church Of Climatology, Climate Change, Climate Disruption, Global Warming, Green Jobs Lie, Green Lies, Green Taxation and tagged Anthropogenic Global Warming, Carbon Capture, Church of Climatology, Climate Change, Global Warming. Bookmark the permalink. 2 Comments.