“There are very few serious routes to net-zero that do not envisage some use of carbon capture and storage,” the Daily Telegraph says. Outlets including the Daily Telegraph, Reuters, the Times and MailOnline have run pieces explaining how carbon capture and storage systems work. “The government is targeting 20-30m tonnes of carbon capture per year by the end of the decade, and considers the process fundamental to its net-zero ambitions,” CityAM reports.
But critics fear the technology will be used by the oil and gas industry as an excuse to slow the transition away from fossil fuels.” Sky News says the two new sites – the Acorn carbon capture project in North East Scotland and the Viking project in the Humber – are not due to be up and running until 2030. Sunak said the carbon capture and storage industry would play a ‘crucial’ role in Britain’s energy transition. Separately, the Independent says: “The government believes the carbon capture and storage industry could support 50,000 jobs in Britain by 2030. The Press Association reports that Sunak also announced up to £20bn funding for carbon capture and storage projects.
The North Sea Transition Authority is expected to grant the first licence in the autumn, Politico says. Sunak also said the move is good for the economy, as “200,000 jobs are supported by this industry”, the Press Association reports. According to the Guardian, Sunak told broadcasters that “domestic supplies were significantly more efficient than shipping gas and oil from other countries”. Sunak “insisted the plan was compatible with net-zero commitments given the anticipated part-reliance on fossil fuels for years to come, saying it was more carbon-intensive to ship oil and gas from other countries”, it adds.
Sunak also indicated he would approve the UK’s “largest untapped reserves” in the Rosebank field, which hold 500m barrels of oil, the paper says. Rishi Sunak has unveiled a plan to authorise more than 100 new licences to drill for oil and gas in the North Sea, pledging to “max out” the UK’s oil and gas reserves, according to a front page Guardian story.
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