UK Government Ready to Spend $29 Billion on Carbon Capture ...Middle East

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UK Government Ready to Spend $29 Billion on Carbon Capture
source : OILPRICE ( Middle East ) () 53
The Keir Starmer government has announced funding of some 22 billion pounds for the buildout of carbon capture facilities in the North. The sum is equal to some $29 billion. Per plans, the project, which is set to create so-called carbon capture clusters in Merseyside and Teeside, should create some 4,000 jobs and support another 50,000 over the next two decades and a half, AFP reported. The initiative, with a size of 21.7 billion, was “reigniting our industrial heartlands by investing in the industry of the future,” Prime Minister…

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