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BBCNEWS Verified Live June 4, 2024 15:30:00

Aboard to spy on human rights campaigners. we bring you a special bbc investigation. a british man who killed his seriously ill wife at their home in cyprus is released from custody. we will have more on all of those stories here in the moment. time for a look at the business news now with ben thompson. good afternoon. what you have for us? good afternoon. we begin with climate change and the net zero debate the uk s prime minister rishi sunak has announced plans to expand carbon capture and storage in the north sea. speaking to the bbc in scotland this morning, mr sunak confirmed that his government will invest millions of pounds in a carbon capture projects, and confirmed 100 new north sea oil and gas licences. critics have accused the government of backing fossil fuels but the prime minister said the plans are entirely consistent with the uk s climate commitments. it s really important for everyone to recognise that even in 2050 ....

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BBCNEWS Verified Live June 4, 2024 14:03:00

And lack of investment they are putting into renewables, but also ignores the reality of the climate crisis that we face. the prime minister faces tensions in his own party too, with some tory mps calling on the prime minister to water down the net zero target and others accusing him of being on the wrong side of history by backing more oil and gas. dividing lines that are only set to grow as the next election nears. ione wells, bbc news. so would those carbon capture projects announced by the government be enough to offset the new push to drill more oil and gas? here s our climate editorjustin rowlatt. well, powering up britain from britain is the prime minister s slogan. he says he wants to max out oil and gas production from uk reserves. many climate scientists and environmentalists say that carbon dioxide emissions from these new projects will bust through the uk s new climate targets. ....

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BBCNEWS BBC News Now June 4, 2024 11:48:00

Industry experts and energy experts, do they tend to back it? it depends which industry you speak to. within the oil and gas industry there is enthusiasm for carbon capture because it offers a future for oil and gas extraction into the medium and long term future. they potentially are looking at their core business disappearing over the next decade as we transition away from using fossil fuels, next decade as we transition away from using fossilfuels, to renewable sources of energy, offshore wind, solar, other cleaner sources of energy. certainly when you look at the companies that are behind many of these carbon capture projects, they are familiar oil and gaskova needs you might see operating. forthen gaskova needs you might see operating. for then this is certainly something that they are putting forward. it is costly. that cost will have to be borne by taxpayers. if they get the final ....

Carbon Capture , Industry Experts , Energy Experts , Fossil Fuels , Core Business Disappearing , Offshore Wind , Carbon Capture Projects , Forthen Gaskova ,

BBCNEWS Verified Live June 4, 2024 15:29:30

Transcripts for BBCNEWS Verified Live 20240604 15:29:30
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BBCNEWS The Context June 4, 2024 19:01:00

Out north sea energy. it s also providing up to £20 billion for carbon capture projects, including the first in scotland, ?which the government says will?create 20,000 newjobs. 2050, when we are at net zero, it is forecast that around a quarter of our energy needs will still come from oil and gas. that s why technologies like carbon capture and storage are important. but what is important then as we get that oil and gas in the best possible way and that means getting it from here at home. the british government insists today s announcements are entirely consistent with it s commitment to reach net zero by 2050 which is set down in law. but the prime minister?stands accused?of watering down the government s?targets. miles behind in the polls he clearly sees an opportunity to take the fight to keir starmer. labour say they won t grant any new drilling licenses if they?win?the next election. the labour mayor in? london is imposing new costs?on the?drivers of polluting vehicles. the opp ....

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