Budget cuts put Norway’s large-scale CCS project at risk
The Norwegian government has proposed cutting funds for its large-scale CCS project by 90%, and the developer fears this could put the project in danger The Norwegian government has proposed cutting funds for its large-scale CCS project by 90%, and the developer fears this could put the project in danger.
24 October 2017
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Norway’s CCS testing facility at Mongstad. The full-scale project has had its funding cut. (TCM)
Norway’s full-scale carbon capture and storage (CCS) project is in danger after Oslo proposed cutting its funding by 90%, Gassnova, the state company leading the project, has warned.
The newly elected Norwegian government presented its budget for 2018 on 12 October, in which it suggested providing a grant of only NOK 20 million ($2.5 million) for feasibility studies on a full-scale CCS system because of political concerns over the cost. The original figure allocated for this year was NOK 370 million.
The government has also asked the...
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