Nigel Farage has launched a scathing attack on Labour’s £22billion carbon capture project, dismissing it as an ideological gamble with taxpayers’ money.
Speaking on GB News, the former Brexit Party leader expressed serious concerns about the massive investment in technology he claims has yet to prove successful anywhere in the world.
“I really, really worry that this is £22billion of money being spent ideologically, with absolutely no evidence that it’s going to work,” Farage told viewers.
The controversial scheme, aimed at creating green jobs, has drawn criticism for its substantial price tag during a period when many Britons are facing financial pressures.
Nigel Farage has hit out at Labour’s plans to spend £22billion on carbon capture
PA / GB News
Farage pointed to international examples to support his scepticism about carbon capture technology.
“When you look at Canada, you look at America and elsewhere around the world, you realise that no carbon capture scheme as yet has ever actually worked in any way at all,” he said.
The GB News presenter revealed he has been following carbon capture developments for more than 25 years, expressing frustration about the slow progress in related technologies.
“I’m told that battery storage is improving, but we’re still not there by a long shot,” Farage added.
Keir Starmer has pledged to spend almost £22billion on carbon capture and storage (CCS) in the next 25 years
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Farage emphasised the financial implications of the project during a time of economic hardship for many.
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“£22billion is a lot of money, given that they’ve had the winter fuel payments taken away in many cases, and given the farmers,” he told GB News.
The Reform UK leader characterised the entire project as “not much more than a punt”.
Discussing the plans with his panel, Labour MP Lloyd Russell-Moyle voiced strong agreement with Farage’s assessment.
“I actually almost agree with every single word that you said,” Russell-Moyle told GB News.
Nigel Farage said the plans are nothing more than a ‘punt’
GB News
“It’s not worked in scale anywhere,” he stated firmly.
Russell-Moyle outlined his alternative vision for addressing climate challenges.
He advocated for “proper renewables, proper nuclear rollout, proper battery storage in homes and then industries that are built around nuclear power stations”.
The former Labour MP suggested carbon capture might have limited applications.
“Now, it might be useful for some transitional industries, some specialist areas,” he noted while emphasising that the “real heavy lifting” needed to focus on other technologies.
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