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UK Government Ready to Spend $29 Billion on Carbon Capture

UK Government Ready to Spend $29 Billion on Carbon Capture

The Keir Starmer government has announced funding of some 22 billion pounds for the buildout of carbon capture facilities in the North. The sum is equal to some $29 billion. Per plans, the project, which is set to create so-called carbon capture clusters in Merseyside and Teeside, should create some 4,000 jobs and support another 50,000 over the next two decades and a half, AFP reported. The initiative, with a size of 21.7 billion, was “reigniting our industrial heartlands by investing in the industry of the future,” Prime Minister…

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