The UK is looking to create another, post-oil and gas, North Sea income stream
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The UK’s exhausted oil and gas fields in the North Sea could be transformed into a lucrative dump for Europe’s CO2 emissions, MPs say.
The Energy and Climate Change Committee says nearby nations could capture the emissions from their power stations, then transport the CO2 offshore in pipes.
North Sea rocks that have been sucked dry of oil and gas could be pumped full of the unwanted CO2.
Critics say the idea is fanciful.
But Tim Yeo, the committee’s chair, told the BBC that “the key to carbon capture and storage is economics”.
“The UK’s geology under the North Sea is a potential asset to exploit and if we can find ways of getting another income stream by accepting someone else’s unwanted CO2 it might move forward the date when CCS (carbon capture and storage) in the UK is commercially viable,” he added.