Responding to Kemi Badenoch’s announcement that a Conservative government would remove net zero requirements from oil and gas companies drilling in the North Sea, scrapping work on technologies such as carbon storage, Olivia Powis, CEO of the CCSA, said:
“Carbon capture, utilisation and storage (CCUS) is a vital technology for sustaining a competitive industrial base in the UK, delivering a reliable, low-carbon energy system and addressing climate change. Billions of pounds of private sector investment have already been committed to establishing CCUS clusters, reflecting strong confidence in the UK’s potential. Our analysis shows that full deployment of CCUS could create over 50,000 skilled jobs by 2050, as well as retain thousands of skilled jobs – maximising our offshore skills and expertise, attract £26 billion in private investment by 2030, and add £94 billion in Gross Value Added to the economy by 2050.”