Britain announces 20 carbon licences to bury dirty gases under the sea
BRITAIN has today announced a raft of carbon capture licenses to bury dirty gases under the sea.
The UK will kick-start a huge market for CO2 to be put back inside old oil and gas wells north of Scotland.
Ministers hope the move will help to slash our emissions by a whopping 10 per cent.
20 new licences awarded totalling 12,000 km squared were announced this morning - an area the size of Yorkshire.
The sites will be near Aberdeen, Lincolnshire, Liverpool and Teeside.
Injections could start in as little as six years.
Up to 100 stores thought to be needed to reach Net Zero by 2050 as planned.
It will mean firms will be able to rely on oil and gas for longer - taking pressure off our Net Zero goals.
And re-purposing the oil and gas fields to be used again is far cheaper than decommissioning them altogether - saving businesses millions of pounds.
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However, the process is incredibly expensive, and critics say it could lead to Britain becoming the dumping ground of Europe.
And marine biologists worry it could harm our ocean life.