U.K. ‘Wasted’ 4 Years on Failed $1.6 Billion Carbon-Capture Plan
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The U.K. must learn from a failed 1 billion-pound ($1.6 billion) carbon-capture funding program that “wasted” four years, as it prepares to open a second financing competition, the head of a panel of lawmakers said.
“Government cannot afford to miss this crucial environmental commitment,” said Margaret Hodge, chairwoman of the Committee of Public Accounts, after the National Audit Office published a review of the program terminated last year. “It must learn the lessons from this failure to avoid squandering any more time and money.”