Government hopes companies including Shell will be able to store up to 10% of the UK’s annual carbon emissions
Oil companies have been granted licences by the government that it hopes will enable them to store up to 10% of the UK’s carbon emissions in old oil and gasfields beneath the seabed.
The government awarded more than 20 North Sea licences covering an area the size of Yorkshire to 14 companies that plan to store carbon dioxide trapped from heavy industry in depleted oil and gasfields.
