CCS has so far never been applied on a commercial scale, and there are fears the costs will be prohibitive. Some companies developing the technology say it won't work without big financial incentives.
The U.K. government announced in July it had shortlisted four bidders to develop the country's first CCS demonstration project—BP Alternative Energy, E.ON AG, Peel Holdings and ScottishPower, the U.K. arm of Spain's Iberdrola SA.
Full Story »
To:
Separate email addresses with commas.
25 recipients max.
Note:
This is a disappointing story. It doesn't pretend to be anything other than a business report (no technology) and it seems to have its facts right -- but there are just so few of them. What prevented BP from finding a power generator with which to partner? What is driving up the costs of the London Array? There is no look below the surface.
This is a factual accounting of a major oil conglomerate's decision to withdraw from wind power and carbon sequestration projects in the UK. It also provides a broader picture of the economic players in the alternative energy field in the EU, profitability comparison with similar projects in the USA, and BP's contention that they cannot profitably compete for the UK project.
This story is thorough as far as it goes. It would be useful to follow with a look at the costs of NOT pursuing alternative energies at this time. ... More »
Retrieving Comments
