I’m not against £22 billion for CCS development, but this is poor policy. Rather, government regulation should force carbon pollution phase out from power stations and industry over X years, compelling industry to invest in CCS or switch to alternatives. Public funds should subsidise carrots

Note: the two firms that stand to gain most from the UK £22bn CCS package are BP and Equinor, who are planning a massive new fossil gas power station in Teesside. This is explicitly highlighted in the govt case for the investment.

Note: the two firms that stand to gain most from the UK £22bn CCS package are BP and Equinor, who are planning a massive new fossil gas power station in Teesside. This is explicitly highlighted in the govt case for the investment.

As John Holdren once said about climate change, “We basically have three choices: mitigation, adaptation and suffering. We’re going to do some of each. The question is what the mix is going to be. The more mitigation we do, the less adaptation will be required and the less suffering there will be.”

NEW: How the UK became the first G7 country to phase out coal power 🧵 Four key ingredients in UK's success: ❌🏭Stopping new coal ❤️‍🔥☢️🌄Building alternatives 💷Making polluters pay 📢Clear political signals But there's much more to say… 1/n interactive.carbonbrief.org/coal-phaseou...