Four European utilities drop EU CCS technology project

From: The Economic Times

By Reuters

OSLO: Four European utilities have pulled out of a European project studying carbon capture and storage (CCS) as a way to combat global warming, arguing the technology is too costly, a letter obtained by Reuters showed on Monday.Germany’s RWE AG, France’s Electricite de France , Sweden’s Vattenfall AB and Spain’s Gas Natural Fenosa quit the Zero Emission Platform (ZEP), which advises the European Commission about CCS technologies.

“The utility group has decided to stop its engagement in the ZEP,” according to the letter dated Jan. 12 to Graeme Sweeney, chair of the ZEP advisory council.

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