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UK spending on ‘fairytale’ carbon capture tech is a national embarrassment, chancellor told

Reported · Written up by our desk · Equities

Chris Packham says £24bn earmarked for projects with ‘ludicrously uncertain results’ should be redirected to help lower bills and cut emissions Campaigners are calling on the chancellor to cut the government’s £24bn spending plans for “fairytale” carbon capture technologies in favour of funding green schemes that can reliably cut emissions and lower energy bills. The environmentalist Chris Packham is leading an 11th-hour appeal for the Treasury to use this week’s budget to scale back the government’s “exorbitantly expensive” support for carbon capture, which is now more than the planned spendi

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