UK carbon capture competition for £1 billion becomes a one horse race

On the same day UK ministers revealed a £1 billion fund for the development of carbon capture and storage (CCS), power company E.ON UK announced it is pulling out of the government's national CCS competition, leaving just one company in the race. In 2007 the government announced a competition to build one of the world's first commercial scale CCS demonstration plants in a bid to strengthen the UK's position as a world leader in cleaner fossil fuel technology. Before E.ON's departure from the race, energy firms BP and Peel Power had already pulled out of the competition in 2008 and 2009 respectively... read more.