Tom Greatrex MP, Labour’s Shadow Energy Minister, commenting on Ed Davey’s statement on CCS today, said:
“Yet again the Government has failed to provide potential investors with clarity on funding for CCS. After the Treasury raided the £1bn set aside for CCS development in the Autumn Statement, Ed Davey must make clear exactly how much funding will be available before 2015.
“CCS is an important technology in our transition to a low carbon economy. If we are to realise its potential on a commercial scale, investors need clarity on funding, not more dither and delay.”