Government pledges £22bn for carbon capture and storage technology in net zero drive
- The Government has pledged £22 billion for carbon capture and storage technology, focusing on Merseyside and Teesside. This will create jobs and attract private investment.
- Prime Minister Sir Keir Starmer stated this initiative aims to "reignite our industrial heartlands" and provides 25 years of funding certainty.
- Ms. Reeves noted the technology will generate 4,000 jobs and billions in investment, enhancing growth in Merseyside and Teesside.
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