This is a news story, published by Guardian, that relates primarily to BP news.
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new fossil fuel projectsGuardian
•82% Informative
Labour government announced plans last week to extend 22bn in subsidies for carbon capture over 25 years .
Oil and gas companies have met ministers most frequently since January 2020 to build new low-carbon” gas-fired power stations fitted with carbon capture units.
Equinor and BP are two of the companies that have met with ministers more frequently to build low-carbon power plants.
The surge in lobbying coincided with the previous Conservative administration’s pledge in March 2023 of 20bn in subsidies for carbon capture projects.
Researchers point to the frequent failure of projects to meet carbon capture targets, cost-overruns and the need for multi-billion dollar subsidies.
Nevertheless, oil and gas companies have continued to press the case to ministers.
VR Score
82
Informative language
79
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66
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English
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