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Draxs Sole Bid for Carbon Capture Funds Casts Doubt on EU Goals

2013-07-05 11:21:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: A European Union program to fund as many as 12 carbon capture projects attracted only one bid for the emissions-trapping technology, a proposal submitted by a venture between Drax Group Plc (DRX), Alstom SA (ALO) and BOC Group Ltd. The White Rose project applied under the second phase of the European Commissions NER300 program, said an official for the Capture Power Ltd. venture who asked not to be identified. It was the sole carbon-capture plan, the EC said on its website. The failure of the program,...

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