North Sea Storage

The national grid is talking about forming a new company to pipe CO2 under the north sea - with a £2billion investment. Wow.

This makes sense - as north sea gas runs out there is - or soon will be, a lot of infrastructure down there which is no longer being used. It's perfect (well, cheap) to use for piping CO2 to the old gas wells / deep saline aquifers.

Good news - something to show the sceptics!

This is also rather impressive - managing to raise this capital (or hope to raise it). The FT describes the problems the energy generators are going through at the moment (although yesterday (see The big 6 energy companies) they did describe how they weren't having that much trouble raising funds).