Skip to main content
NEU job vacancy
Carbon capture is big oil’s ‘green’ baby
Why is Labour so excited about unproven and untested schemes to burn fossil fuels while radically reducing CO₂ emissions? Just follow BP, Drax and Hynet’s money, writes SOLOMON HUGHES
A HEAD SCRATCHER? Chancellor of the Exchequer Rachel Reeves at the International Investment Summit in London, as the Government seeks to woo investors to the UK

THIS month, Keir Starmer announced a £21.7 billion subsidy for “carbon capture and storage” schemes, claiming this was all about “clean energy” and jobs.

But the big worry is that Labour has put an oil industry scheme at the heart of its “environmental” policies. It is going to throw big money at a “green” scheme which isn’t really green at all.

It is going to hand billions to companies like oil firm BP or wood-burning mega-power station Drax or Italy’s energy giant Eni, mostly because these companies could afford to lobby the government and hire their mates.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
A child rides a bike at Whitelee Windfarm in East Renfrewshi
Britain / 13 December 2024
13 December 2024
But Unite warns that Labour has ‘missed a golden opportunity to bring the national grid under public ownership’
SITTING PRETTY: (Left to right) Baroness Liddell, Claire Kob
Features / 29 November 2024
29 November 2024
Let’s take a closer look at the sprawling network of former ministers, political insiders and officials who make money from the firms responsible for soldiers’ squalid accommodation, writes SOLOMON HUGHES
EYE OF A STORM: Baroness Liddell of Coatdyke
Features / 22 November 2024
22 November 2024
SOLOMON HUGHES reveals how one of the leading lobbyists for new technology set to hoover up billions in subsidies is already embroiled in a privatisation scandal that has been described as ‘disastrous for taxpayers’
Extinction Rebellion Scotland activists outside the Scottish
Britain / 7 November 2024
7 November 2024