Carbon Capture and Storage
Tuesday, 12 November 2024
Contributions
Seamus Logan (Aberdeenshire North and Moray East) (SNP)Scottish National Party
6. What plans he has to support the development of carbon capture, utilisation and storage projects at Acorn.
Dame Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op)Labour (Co-op)
7. What recent steps his Department has taken to support carbon capture and storage.
The Minister of State, Department for Energy Security and Net Zero (Sarah Jones)Labour
On 4 October, the Government announced £21.7 billion over the next 25 years to launch the UK’s carbon capture, utilisation and storage industry. We will provide further details on the next steps for CCUS, including track 2 projects such as Acorn, in the coming months.
I thank the Minister for her encouraging answer. Acorn, including the St Fergus site in Aberdeenshire, not only has a significant role to play in achieving net zero in Scotland, but has the capacity to accept carbon from mainland Europe. This project could help the UK and Europe to achieve their net zero goals, and is significant not only for the port of Peterhead in my constituency, as the Minister knows, but for the local power station, which shares the same integrated ambitions. Acorn presents very significant opportunities, representing hundreds of millions of pounds in new investment, new jobs and economic growth for the north-east, for Scotland and for the UK. Can the Minister accelerate the decision making on the Acorn project, and will she commit to funding in 2025?
We are committed to track 2, and I recognise the huge advantages of Acorn that the hon. Gentleman has highlighted. Our record £21.7 billion investment demonstrates our long-term commitment and gives industry the certainty it needs. The ups and downs of CCUS under the previous Government did not provide the certainty that people required, and certainty is what we are looking to deliver. We understand that people want clarity, and we will be making further announcements in the coming months.
The path to carbon capture and storage is littered with failure: three previous projects never got off the ground, despite lots of taxpayer money going into them. What precisely are the Government going to do to ensure that this project delivers?
Mr SpeakerSpeaker
If the hon. Lady would look towards me a little bit, I will be able to hear the question.
We realise that CCUS is an emerging industry, but it is also one that we can lead on internationally, thanks to the unique geography of the North sea. We will do all we can to help industry scale up in this technology, which we believe will play a crucial role in our mission towards clean power.
Source: UK Parliament Hansard API. Debate ID: 4763191.