“Shell Wants British subsidy for CO2 Storage.” Shell has asked the British government to grant a subsidy for developing the technology for storing CO2 underground, according to the reports on Sunday.
The report is based on statements by Shell board member Maarten Wetselaar.
He stated that there is more support for renewable energy technologies than for this type of storage project.
According to him, air pollution from storage technology would be reduced.
It would allow a subsidy.
In November, the British energy minister, Claire Perry,
promised to invest a total of 35 million pounds in carbon capture projects.
Shell probably wants to make use of this.
It is not apparent what amount the company is asking for.