Carbon capture storage will 'generate 100,000 jobs and £6.5bn a year'

[JessieHogg]

The UK's carbon capture and storage (CCS) sector will be able to sustain 100,000 jobs by 2030 and generate up to £6.5bn a year, the government claimed today.

Unveiling a new strategy to encourage the growth of CCS, the energy and climate change secretary, Ed Miliband, said it represents a "massive industrial growth opportunity".

Read here : Carbon capture storage will 'generate 100,000 jobs and

[Barry]

This is lunacy.
What will be the end product of the jobs - and who is paying for their employment?
Flawed is not a big enough word for this criminal use of public money.

[Jim Franklin]

The UK's carbon capture and storage (CCS) sector will be able to sustain 100,000 jobs by 2030 and generate up to £6.5bn a year, the government claimed today.

Unveiling a new strategy to encourage the growth of CCS, the energy and climate change secretary, Ed Miliband, said it represents a "massive industrial growth opportunity".

Read here : Carbon capture storage will 'generate 100,000 jobs and

Well if you assume that these people are paid at a basic level, and that these wages rise as they have in the last ten years, then that means in 2030 they would have a salary of almost £30,000 each. That covers £3 Billion straight off. Then you have the additional costs to the employer, which will be about another £1 billion, then operational costs which I can't even begine to guess at, and their figures seem not so much pie in the sky, but smoke in the wind and a lot of wasted hot air!

[coalition]

Pigs are still flying - in Dirt st SW1