LONDON — The Labour government reckons it can hit U.K. climate targets and revive the country’s struggling industrial towns at the same time.
Ministers want to do this by pouring billions of pounds into helping build a new U.K. industry largely from scratch — carbon capture and storage (CCS), which promises to suck harmful greenhouse gas emissions out of the skies.
The tech, which involves catching and storing industrial emissions, will “pave the way for securing the clean energy revolution that will rebuild Britain’s industrial heartlands,” Energy Secretary Ed Miliband said in October 2024, as he unveiled a commitment to spend nearly £22 billion over 25 years financing projects across the country.
Eighteen months on, that promised revolution is unraveling.
