"It doesn't matter how beautiful your theory is, it doesn't matter how smart you are. If it doesn't agree with experiment, it's wrong." Richard P. Feynman

Tuesday, November 29, 2011

UK - Another Billion pounds still available for crazy projects!

 The UK has nothing better to do with a billion pounds than to use it to pump a harmless gas underground - a theory which has not worked anywhere in practice. This is obviously a much better investment than hospitals,schools , roads and all the other silly things unenlightened governments in the past used to worry about before the insidious carbon dioxide scare. Those who can't get hospital treatment can take comfort in all that nasty CO2 being temporarily pumped underground knowing that a microscopic change in temperature trumps a life-saving heart operation any time ! Proper priorities must be maintained at all times.After all is said and done it is not real money  but borrowed, and  you can always borrow more- can't you?

The government was forced to reassure the carbon capture and storage industry on Monday after comments from the Treasury appeared to cast doubt on the future of £1bn funding for the technology.
Danny Alexander appeared to suggest money set aside for CCS could be subsumed into general infrastructure spending. But the Department of Energy and Climate Change moved to calm fears, insisting £1bn was still available from the government to fund pioneering CCS projects.
The comments by Danny Alexander, the chief secretary to the Treasury and Liberal Democrat MP, came as energy-intensive and high carbon emitting industries looked forward to finding out what exemptions they could expect from the government's carbon regulations. Details of the concessions – which come despite a massive fall in the price of carbon permits – are expected to be unveiled on Tuesday.
The £1bn fund for CCS, to be awarded to the winner of a competition that has been running for nearly five years, is considered the last hope for developing CCS technology in the UK as promises of other government assistance – such as a levy on energy bills to subsidise the high initial costs of the low-carbon technology – were withdrawn.

1 comment:

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