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Climate Change Bill [Lords]

Regardless of what the Government say, the great benefit of our position is that it is clear: there will be no new generation of dirty coal without carbon capture and storage. The clarity of that position sends a clear signal to the market so that it can plan for investment. It is unfortunate that the Government competition has such a long timeline, is so vague and has no clear funding commitments. We are told that the funds available might be tens of millions of pounds, which is even less than would have been needed to ensure that the Peterhead CCS project stayed in the UK, instead of going to Abu Dhabi.