Scottish carbon capture scheme on Labour's £8 billion green investment programme
dailyrecord.co.ukA massive carbon capture plan for the north east of Scotland is among the green schemes that will be boosted by an £8 billion investment to clean up the environment under a Labour government.Rachel Reeves, the Shadow chancellor, will announce an initial £8 billion plan to invest in invest in projects across the UK as part of Labour’s plan for a “fairer, greener” Britain.There was fury in the north east last year when Scotland missed out on Conservative government backing to build to develop the first carbon capture and storage facility in the UK.The Acorn carbon capture, utilisation and storage (CCUS) project, driven energy giants Shell, Storegga and Harbour Energy, plans to use North Sea pipelines to store carbon dioxide under the North Sea.It hoped to offer a transition route for oil and gas workers out of the old North Sea industries and create as many as 26,000 jobs in the next decade.But the scheme, based at the St Fergus gas terminal, near Peterhead, lost out to projects in Humberside and North West Wales.Ahead of her speech at Labour party conference on Monday , Shadow Chancellor Rachel Reeves said an initial £8 billion from Labour’s Green Prosperity Plan would go into shovel-ready environmental projects.Alongside private investment, that financing mean UK projects including eight new battery factories, nine renewable-ready ports and net-zero industrial clusters can go ahead in every part of the UK.Reeves said: “That means when public money is spent on these projects, the British people will own a share of that wealth, and benefit from the returns on those investments.Reeves is expected to tell the conference: “When I say I want to buy, make and sell more in Britain I mean it.“What you will see in your town, in
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