3E Intelligence

BP yesterday abandoned its plans to build a carbon capture plant in Scotland (Peterhead) after the UK government published its Energy White Paper and delayed a decision on subsidies for the planned poject. The plant, which was developed with the help of other companies such as Shell, was supposed to generate electricity from hydrogen, reducing greenhouse gas emissions by capturing and storing the carbon dioxide. The CO2 would also be used for extra oil recovery from the BP Miller oil field.
Could it be that the successor of Lord Browne is less interested in going “beyond petroleum”?
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