December 6, 2024

Earlier this quarter, Prime Minister Keir Starmer confirmed the government’s £22 billion investment in Carbon Capture and Storage on Friday, October 3rd.

The announcement took place at the Encirc factory, a HyNet partner in Ellesmere Port, with Chancellor Rachel Reeves MP and Secretary of State for Energy Security and Net Zero, Ed Miliband MP, also in attendance.

The investment is centered on developing two carbon capture clusters in Merseyside and Teesside, with the goal of creating 4,000 direct jobs and supporting 50,000 more in the long term.

Starmer highlighted the initiative as part of a broader strategy to “reignite our industrial heartlands,” emphasizing the importance of choosing “investment or decline.”

“I’ve always believed that clean energy is a golden opportunity for our country, a chance to bring security and hope to working people, relight the fires of renewal in those areas that got hit so hard by deindustrialisation.”

“For our energy-intensive industries, like glassmaking, or cement, or steel, or ceramics… the security that the future belongs to them.”