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UK energy minister wants to fund two CCS projects

Thu, 10/11/2012 - 6:25am
Reuters

LONDON (Reuters) - Britain's energy minister wants to financially support two pilot carbon capture and storage (CCS) projects, a technology the UK is banking on to reduce climate-warming emissions and to develop as a new export product.

Britain sees CCS as a key technology for reducing carbon emissions in the energy sector, and the government has launched a 1 billion pound ($1.60 billion) competition to fund one or more projects.

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