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Birmingham Post
Birmingham Post
Business
David Laister

£15b of investment at risk as Humber carbon capture plans stall at government selection stage

Fears the Humber could lose billions of pounds of potential investment have been voiced after the Government missed the region out of initial carbon capture development discussions.

Hopes to be the flag bearer for the grand clean-up solution for power generation and heavy industry have been dashed as Track One project negotiations were limited to the North West and North East.

A portfolio of £15 billion of investment from major multinationals is now at best put on hold until later in the year, with concern it could go elsewhere as the race to Net Zero hots up globally. US and European legislation has been turning heads, with urgency already seen as key before this latest set-back.

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