Prime Minister Gordon Brown’s government said carbon capture and storage projects may add 6.5 billion pounds ($10 billion) a year to the U.K. economy and create 100,000 jobs by 2030.

The Yorkshire and Humber area in northeast England will be a focus for development of the technology, the Department for Energy and Climate Change said today in an e-mailed statement. Drax Group Plc’s station in Selby, Europe’s biggest coal-fired power station, and facilities owned by Scottish and Southern Energy Plc and Electricite de France SA are all in the region.


Source: Business Week/Bloomberg

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