Extract from Estimates Day debate: Energy Infrastructure - Jul 5

Alex Cunningham (Stockton North) (Lab): My hon. Friend is making a very powerful and informed speech. She will be aware of the Ineos project, with Denmark, to have a carbon capture and storage facility off the Danish coast to take Belgian emissions. Does she agree that we are getting behind in the race to be able to provide and support that sort of project in the future?

Emma Hardy (Kingston upon Hull West and Hessle) (Lab): Absolutely. The UK is unique in wishing to have a bidding process. In the USA, if a company says that it can reach the target needed for carbon capture and storage, that project is approved. In the UK, we have a bidding process instead, which means that companies have to invest money in entering the process to begin with, without the knowledge or certainty that they will be approved, even if they can evidence the gains in carbon reduction.

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