Labour to commit almost ?22bn to fund carbon capture and storage projects

Investment will fund two CCS clusters - but environmental campaigners have criticised plansWhat is carbon capture, usage and storage?Rachel Reeves is paving the way for a multibillion-pound increase in public-sector investment at the budget after the government announced plans to commit almost ?22bn over 25 years to fund carbon capture and storage projects.In what is expected to be one of the biggest green spending promises of the parliament, the chancellor, prime minister and the energy secretary, Ed Miliband, will unveil the details on a visit to the Liverpool city region on Friday declaring a "new era" for clean energy jobs. Continue reading...