TITLE

BP walks away from carbon capture plan

AUTHOR(S)
Milne, Roger
PUB. DATE
June 2007
SOURCE
Utility Week;6/1/2007, Vol. 27 Issue 10, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of BP to cancel its carbon capture and storage (CCS) scheme, an innovative proposal based on the Peterhead power station in northeast Scotland and the depleted Miller Field in the North Sea. According to BP, the £500 million venture was a victim of government delays in helping to underwrite the cost of the project. A BP spokesman states that the company could no longer meet the cost of maintaining a production rig at the field.
ACCESSION #
25534396

 

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