Major power company pulls out of £1bn Carbon Capture and Storage project
24 September 2015
Energy company Drax has abandoned a £1bn project to introduce carbon capture technology to cut emissions.
Drax is part of a scheme to store carbon dioxide next to its plant in North Yorkshire, which is the biggest coal-fired power station in the UK
It is halting further investment because of the government's decision to reduce subsidies for renewable energy.
The company said that due to lack of profits it had to put the business and shareholders first.
BBC news 25 September Read more
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