While not a cost-effective or intelligent decarbonisation strategy, CCS will, however, help to maintain fossil fuel supply and demand, which is why the two entities set to benefit most from the government’s £22bn pledge for CCS are British Petroleum and Norwegian oil giant Equinor.

UK pledges £22bn in funding for carbon capture and storage projects

Three sites are earmarked for development but prospects for five more have become unclear

Baking fossil fuels into the economy of the future will have cascading, deleterious ripple effects. With NCDs 3.0 around the corner, nations around the world will be looking to decarbonise their supply chains.