By Paul Homewood
One by one, Ed Miliband’s dominoes are falling down:
From the BBC:
BP’s announcement that it had dropped plans for a "green" hydrogen plant has been described as "bitterly disappointing".
The multinational had previously sought planning permission to build a power plant in Redcar, which would have produced hydrogen by breaking down water using electricity.
But as part of a shift in strategy away from renewables, the firm has now scrapped the scheme.
Leader of Redcar and Cleveland Borough Council, Alec Brown, said that despite the "blow", BP remained committed to "innovative projects" in the region.
BP had previously said the construction of HyGreen would create up to 500 jobs with the likelihood the "majority" would be taken by people living in the Middlesbrough and Stockton area.
The electricity used at the plant would have mainly been derived from low carbon sources and the hydrogen would have been used by industry.
The firm said it would now be focusing on other projects in the area including Net Zero Teesside and a blue hydrogen plant.
Brown said: "This is bitterly disappointing news – but we remain optimistic about the future.
https://www.bbc.co.uk/news/articles/cpv4jv7m1r0o
BP have clearly decided there is no future investing in projects which are totally reliant on government subsidy to be viable.