Rishi’s carbon seize scheme will create as much as 21,000 new jobs

Rishi Sunak will announce a multi-million funding in Britain’s power trade that can create as much as 21,000 jobs.

The Prime Minister is visiting Scotland to verify new plans for carbon seize storage to assist the sector sort out polluting emissions.

There can also be hypothesis he’ll announce new North Sea fuel and oil exploration only a month after Labour introduced it was against new licences.

Energy Minister Lord Callanan indicated the federal government is poised to grant permission.

“The reality is… there is a requirement in the UK for oil and gas,” he told Times Radio.

“It makes sense to get as many of our resources from our own continental shelf, which employs tens of thousands of people in the UK and of course raises billions of pounds for the Exchequer. It makes no sense to import that we can get it from our own resources.

“We have to wait for the announcements. But in theory, yes, if we can get the resources that we would otherwise be importing from our own supplies in the North Sea that employs British people, that raises money for the UK exchequer and is actually less carbon intensive than importing that through methods like Liquid Natural Gas.”

The Prime Minister will meet key figures in the energy sector and visit “critical infrastructure projects” that will boost the economy and generate new jobs.

Mr Sunak is due to announce millions of pounds in funding for the Acorn carbon capture project in Aberdeenshire, a joint venture between Shell UK and other companies.

The Government is expected to highlight efforts to “boost the capability” of the North Sea industry in the transition to net zero, with Downing Street describing Scotland as the “cornerstone” of its energy plans.

Climate campaigners have criticised the possibility of new licences for oil and gas exploration in the North Sea.

A decision is expected soon on whether to approve the development of Rosebank, 80 miles north-west of the Shetland Isles, which is believed to be the UK’s largest undeveloped oil and gas field.

The Government has argued that securing the country’s energy security is vital following the Russian invasion of Ukraine.

Shadow commerce secretary Nick Thomas-Symonds mentioned the Conservatives had didn’t safe the nation’s power safety.

He added: “We’ve said yes, we would not grant any new licences as a Labour government, but we will honour, and it is really important that we do this for business certainty and indeed for jobs, we will honour the fields that are already open.

“There is a field, the Rosebank field, in which I would expect the Government to make a decision on fairly soon. If that goes ahead, we will honour it so those jobs will be safe in the North Sea on that, but we are also going to have a clean energy sprint by 2030.”