Carbon Capture A Waste Of Money, Says Octopus Boss – Watts Up With That?

From NOT A LOT OF PEOPLE KNOW THAT

Paul Homewood

Miliband’s £22bn carbon capture spree is a waste of money, warns Octopus boss

The Green Blob is arguing amongst itself about carbon capture, reports the Telegraph.

Greg Jackson, boss of Octopus, thinks Miliband’s £22 billion bung is a waste of money, and should be spent building more wind farms instead.

He said: “Some of the stuff we’re doing on climate or in energy at the moment is the equivalent of trying to defend the abacus industry once calculators had been invented.

“I don’t think there are any examples in the power sector globally of cost-effective carbon capture and storage.

“We’d be better off spending any money that we’re putting into that on building out more renewable generation in more locations.”

https://www.telegraph.co.uk/business/2025/01/26/milibands-22bn-carbon-capture-spree-is-a-waste-of-money

Talk about pots and kettles! Wind mills are hardly the height of technology. But Jackson is of course right that carbon capture is still unproven and will inevitably be a waste of money.

But Jackson did not seem to realise the irony when he commented that it was competition rather than subsidies that should be driving the UK’s energy transition.

Does he not know that subsidies for renewable energy have cost close to £100 billion already, and will continue to rise?

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