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fingers again. What do you think of this:- Energy giants BP have pulled out of 500million pound project because the government delayed a descision over support for this carbon capture project First ot it's kind in the world.

Once again the North East of Scotland will lose out and so will the rest of the UK as this is a project would revolutionise the way carbon waste in the oil industry is disposed of.

http://en.wikipedia.org/wiki/Carbon_capture_and_storage

2007-05-30 00:57:15 · 3 answers · asked by Anonymous in Business & Finance Other - Business & Finance

With the government plowing millions into renewable energy and ignoring this project for the future.

2007-05-30 00:58:44 · update #1

3 answers

ASSUMING the basic fact is correct (BP pulls out) you should make up your own mind about the rest of the story
(for sure you should NEVER believe ANYTHING in the Comics (sorry, I mean "Newspapers") .. "Reporters" either have no idea what they are talking about or just lie to make it sound more interesting... in fact, you guess is likley to be better than the 'average' Reporter (most of whom couldn't qualify for a job at MacDonalds)

My guess ?
The Government was never serious about it in the first place = just the usual election hype and hot air to convince the 'punters' that they care (ha ha) only they all went and VOTED FOR SNP anyway ...

BP made the mistake of thinking they were really going to do something but after the endless time-wasting delays they eventually 'got the message' and quit.

2007-05-30 03:29:13 · answer #1 · answered by Steve B 7 · 0 0

Hi Star,
Goodly point, but we must remember that word "profit"
Our North sea oil & gas reserves were virtually given away to Shell/BP as central governement would at the time not support it fully.
Hence the increases in our domestic fuel bills.
Short thinking, as I feel that some Governement Ministers say to themselves "Oh what the heck. I am only in office for a couple of years, then I can hand over the problem to someone else"
As for carbon capture, I used to live & work in the Mid-East for many a year, and I assure you that the oil companies, Gulf, BP, Shell did not give a stuff. Profits afoot.

I know that I sound cynical here, but once again, it is all down to hard revenue.

I can imagine a Minister for Energy, sitting in a "Gentlemans' Club" with an after dinner brandy saying - " I say, jolly good chaps altogether, these companies are doing rather well, so I don't need to support them with the good old tax-payers"

Hey Ho.

Bob

2007-05-30 03:47:09 · answer #2 · answered by Bob the Boat 6 · 0 0

Sounds Iffy to me, storing masses of CO2.
Its not a workable solution its shifting the problem...

What effect will that have on the environment,
Especially, as your source says the Deep Sea
solution could raise acidity levels.

This would mean were killing off the oceans
instead of our atmosphere. Dangerous...

Solar energy, Wind Energy, Seems the better option.

2007-05-30 01:08:44 · answer #3 · answered by Banderes 4 · 0 0

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