BP Withdraws From Carbon- Capture Project
CCS has so far never been applied on a commercial scale, and there are fears the costs will be prohibitive. Some companies developing the technology say it won't work without big financial incentives.
The U.K. government announced in July it had shortlisted four bidders to develop the country's first CCS demonstration project—BP Alternative Energy, E.ON AG, Peel Holdings and ScottishPower, the U.K. arm of Spain's Iberdrola SA.
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This story is thorough as far as it goes. It would be useful to follow with a look at the costs of NOT pursuing alternative energies at this time. Also of interest: BP's profits for the past year or so.