Answers to my written Parliamentary Questions on carbon capture

Department for Energy Security and Net Zero provided the following answer to your written parliamentary question (180628):

To ask the Secretary of State for Energy Security and Net Zero, with reference to the Written Statement of 30 March 2023, HCWS690 on Powering up Britain, how the carbon capture and storage outlined in that Statement will be funded. (180628)

Tabled on: 14 April 2023

Graham Stuart:

The £20bn announced will come from levy and exchequer sources. The Government expects it to encourage billions of pounds of additional private capital as private partners also commit to the programme, creating jobs and bringing investment to the UK’s industrial heartlands.

The answer was submitted on 24 Apr 2023 at 16:27.


  1. Derek
    April 24, 2023

    But it does not tell us exactly where it is coming from. What are “Exchequer sources”? Government Borrowings or petty cash?

    1. James Freeman
      April 25, 2023

      They hope to pay for it by freezing personal tax bands and raising corporation tax. The latter is unlikely to raise any money, so they will need to increase other taxes in future as well.

  2. agricola
    April 24, 2023


    Exchequer Sourses are you and me. Even as a levy, windfall tax it will find its way back to you and me. Whether it be HS2, windmill subsidy, or a carbon capture subsidy, you and I will pay. Any scheme that fails to pay its own way, costs you and me, and fails the credibility test.

    1. glen cullen
      April 24, 2023

      Thats the bottom dollar ….the common pleb will pay thr levy, by either direct or indirect taxation

  3. Berkshire Alan
    April 24, 2023

    Deluded, simply deluded, who dreams these schemes up, and how much are they being paid to do so ?

    Thanks for asking the questions JR, these people and policies need to be exposed for what they are !

    1. Timaction
      April 24, 2023

      You mean utter stupidity? Carbon capture, hah hah, hah. Perhaps you could sell at a loss to the fruit and veg growers for their greenhouses? Get some advice from Gorden Brown on advance sales to reduce its price, like his gold sales.

  4. Bloke
    April 24, 2023

    The answer was almost as raw as ‘Money the Treasury receives’.

    1. Timaction
      April 24, 2023

      Indeed. We’re paying for these idiots!

  5. Donna
    April 25, 2023


    In other words, it is currently unfunded but the Government hopes it will be funded by private investment. And if it isn’t ….. what then?

  6. mongoose
    April 25, 2023

    And there will be no “jobs created”. Monies extracted from the people will be paid out to different people in the guise of wages as they fanny about to no effect whatsoever except to destroy other monies used to purchase facilities and materials.

  7. Mike+Wilson
    April 25, 2023

    Well, I realise I’m in a minority of one on here, BUT, if CO2 really is the problem that most scientists think it is, then I’d much rather keep burning carbon and capturing it rather than having a useless air source heat pump and a useless electric car.

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