Govt Cancels Carbon Capture After Blowing £168 Million

The National Audit Office has ripped into the Department for Business, Energy and Industrial Strategy for blowing £168 million on two carbon capture technology competitions which the Treasury deemed to be too expensive if there was to be any chance of getting plants built in the UK in the coming years.

A Department for Business, Energy and Industrial Strategy spokesman said: “We haven’t closed the door to CCS technology in the UK, but decisions had to be taken to control government spending and protect consumer bills. This is why the government ended the funding for the CCS competition, and ensured taxpayers were protected from significant costs when the competition closed.” Translation “the Treasury didn’t want to burn any more taxpayers’ money”.

This is the department which is going to determine Mrs May’s interventionist industrial strategy – so expect the same civil servants to blow hundreds of millions more on the “white heat of technology” that the private sector won’t touch. Big business is rubbing its hands with glee…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Logging company Resolute’s CEO Richard Garneau suing Greenpeace

“A funny thing happened when Greenpeace and allies were forced to account for their claims in court. They started changing their tune. Their condemnations of our forestry practices “do not hew to strict literalism or scientific precision,” as they concede in their latest legal filings. Their accusations against Resolute were instead “hyperbole,” “heated rhetoric,” and “non-verifiable statements of subjective opinion” that should not be taken “literally” or expose them to any legal liability. These are sober admissions after years of irresponsible attacks.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

Sunday Shows Sunday Shows
Green Leaders Cringe Skit Green Leaders Cringe Skit
Appeal on Behalf of the Friends of George Miller Appeal on Behalf of the Friends of George Miller
Caroline Lucas Tries to Get Green Suspended for Tweeting Guido Caroline Lucas Tries to Get Green Suspended for Tweeting Guido
“St Patrick was an Immigrant” “St Patrick was an Immigrant”
FLASHBACK: Labour Election Fraud FLASHBACK: Labour Election Fraud
FLASHBACK: LibDem Election Fraud FLASHBACK: LibDem Election Fraud
Amazon Outage Amazon Outage
Green Leader: I Killed Someone Green Leader: I Killed Someone
Experts Wrong About Polar Bears Too Experts Wrong About Polar Bears Too
Guido’s Guide to By-Election Scenarios Guido’s Guide to By-Election Scenarios
Milo 12 Things Milo 12 Things
Shami & Blunkett Campaigned for ISIS Suicide Bomber’s Release Shami & Blunkett Campaigned for ISIS Suicide Bomber’s Release
Amazing Robot Warehouses Amazing Robot Warehouses
Bring on the Robots Bring on the Robots
BBC Sources Revealed BBC Sources Revealed
Gallery Guido’s PMQs Sketch Gallery Guido’s PMQs Sketch
FOXY “SPANK ME” FOXY “SPANK ME”
Cameron: “I’ll Be Back” Cameron: “I’ll Be Back”
Greens Nuke Progressive Alliance Greens Nuke Progressive Alliance