2 publishers · first seen Tue, 27 Oct 2026 13:28 UTC · updated Fri, 30 Oct 2026 12:31 UTC
The UK Government has reaffirmed its commitment to provide £200 million in funding for the Acorn carbon capture and storage project in Aberdeenshire, with Chief Secretary to the Treasury Emma Reynolds stating that ministers 'stand by that commitment'. The funding, originally announced by energy secretary Ed Miliband in June 2025, is intended to support the Scottish cluster of carbon capture initiatives and could help create around 15,000 jobs. Reynolds confirmed the grant funding remains intact but noted that additional financial support, such as loans or equity stakes, may be required for the project to proceed.
The Acorn project, which aims to store emissions under the North Sea, has faced concerns over market readiness and commercial arrangements, according to Scottish Secretary Douglas Alexander. Meanwhile, environmental campaigners including Chris Packham have criticized broader government spending on carbon capture technologies, calling them unreliable, while the Carbon Capture and Storage Association emphasized the importance of honoring existing commitments to maintain investor confidence and support jobs.
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