Carbon Capture A Waste Of Money, Says Octopus Boss
January 27, 2025
By Paul Homewood
Miliband’s £22bn carbon capture spree is a waste of money, warns Octopus boss
The Green Blob is arguing amongst itself about carbon capture, reports the Telegraph.
Greg Jackson, boss of Octopus, thinks Miliband’s £22 billion bung is a waste of money, and should be spent building more wind farms instead.
He said: “Some of the stuff we’re doing on climate or in energy at the moment is the equivalent of trying to defend the abacus industry once calculators had been invented.
“I don’t think there are any examples in the power sector globally of cost-effective carbon capture and storage.
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