BP Quits Wind Projects in the UK....
Well, there goes the wind industry...
Government plans for Britain to become a world leader in clean energy technology suffered a double setback yesterday after BP said that it was abandoning the country's wind energy industry and pulling out of a competition to build a demonstration carbon-capture and storage plant.
The oil company informed the Government last week that it would no longer be submitting a bid for a government-funded scheme to develop a coal-fired power plant using carbon capture and storage (CCS), an experimental technology that strips out CO2 emissions for safe storage. The CCS competition was announced in November last year and is a key feature of the Government's plans to fight climate change while creating one million green-collar jobs in renewable energy.
A spokesman for BP, which announced record third-quarter profits of £6.4 billion last week, said that the group had withdrawn because it had struggled to find suitable partners.
posted by GayandRight @ 8:26 AM
1 Comments:
Actually Fred, the reason BP quit the UK was because wind power subsidies are better in the US. There's no point chasing small potatoes in the UK if the US Congress is handing out the really big bucks.
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