Tag: Powerfuel

Kiran Stacey

Hatfield colliery, owned by PowerfuelPowerfuel’s move into administration is grim news for supporters of carbon capture and storage, not least those companies thinking of investing in the sector.

Powerfuel was developing one of the UK’s first commercial scale clean coal power plants, but ended up unable to foot the hefty bill.

One of the administrators, Richard Fleming of KPMG, said:

Developing low carbon energy generation requires a large amount of capital upfront and the CCS development falls £635m short of the investment needed to progress the project beyond the preliminary stage. It needs moving on to a new owner with deeper pockets.

Kiran Stacey

How strong a hand will Chris Huhne, the UK energy secretary, take into the Cancun talks? Will he be able to persuade foreign ministers and negotiators that the UK is playing its part?

As recently noted by the WWF’s EU climate policy tracker, the UK rates highly for its overall government policy, being the only EU country with a legally binding long-term commitment to reduce greenhouse gas emissions by 80 per cent by 2050.

But the problem is, British MPs are now warning that progress towards those targets is “unacceptably slow”.

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« AugNovember 2014