Energy: Carbon Capture and Storage

Lord Hamilton of Epsom Excerpts

Wednesday 28th July 2010 Lords Chamber

[Lord Marland]

The noble Lord is absolutely right and that is why it is important that we accelerate the process and why we are making our first awards at the end of this year.

[Lord Hamilton of Epsom]

Does the Minister have any idea of the costs of liquefying CO₂ and pumping it into former oil fields in the North Sea?

[Lord Marland]

I do not have the costs of that to hand, but it is of course something which needs to be evaluated. In all energy production, particularly with renewables, we have to look at the costs very carefully. It is a fundamental part of our decision making and we shall consider it.