Written Question·Department for Energy Security and Net Zero·UIN 7485

Carbon Capture, Usage and Storage: Taxation

Tabled: 7 October 2024

Answered: 10 October 2024

Named Day

Question

Clive Lewis

To ask the Secretary of State for Energy Security and Net Zero, if he will make an assessment of the potential merits of requiring carbon capture, usage and storage organisations in receipt of Government funding to be (a) headquartered in the UK and (b) f

Answer

Sarah Jones

We’re committed to securing the economic benefits for the UK from pioneering CCUS deployment. It is expected to add around £5 billion per year to the UK economy by 2050 and the backing of these first 2 CCUS sites sends a clear signal to investors that the...

ⓘ

This is an extract from the Parliament API. Search the full answer on Parliament.uk (UIN 7485) →