Wire · operational-macro
Campaigners urge chancellor to scrap spending on 'fairytale' carbon capture
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Fusion42 · 27 October 2026 · Fusion42 review
Campaigners led by Chris Packham are urging the UK chancellor to cut the government’s £24bn spending on carbon capture and storage (CCS) projects, calling them 'fairytale' and urging funds be redirected to proven green technologies that reduce emissions and energy bills. The government is weighing fiscal pressures and may reduce support for CCS development speed, amidst concerns that CCS subsidises fossil fuel interests over effective climate solutions.
This Wire brief sits within Fusion42's coverage of Climate Tech.
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The UK government’s high-risk bet on carbon capture risks shifting taxpayer money away from established green tech that cuts emissions and bills. You need to pivot your climate innovation plans away from CCS dependency and towards proven energy solutions with clearer funding and market support.
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1 source · 27 Oct 2026
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