Member Info for ocelot

"... we want all the projects to go ahead and the Solent cluster has real potential and is an important part of this".

Ed Miliband, in the House this Monday, 07/10 (bottom of column 72 in the link below).

https://hansard.parliament.uk/Commons/2024-10-07/debates/B6C03540-3DF0-4CFB-9858-8CD26B53C69F/CarbonCaptureUsageAndStorage

Three days ahead of the International Investment Summit, the first Council will focus on investment and growth and is a key moment to ensure everyone is collectively playing their part to maximise the opportunity the Summit presents for the whole of the UK.

https://www.gov.uk/government/news/prime-minister-puts-investment-at-the-heart-of-first-council-of-the-nations-and-regions

They are at work.

It's a potentially sensitive time so any RNS will be carefully scrutinised by the Nomad - important not to create unjustified hopes.

Usually it is the mornings which are busy and the afternoons which are quiet but volume seems to behaving differently today.

Https://www.bbc.co.uk/news/articles/ckg21243jz9o

On the other site, I read: "There are x hidden posts from your filtered users".

If only posters on that site would avoid mentioning the troll's name in their posts, I would not know he was there!

‘We thank ExxonMobil for its pivotal role in establishing The Solent Cluster and raising awareness of the region’s potential to contribute to the country’s Net Zero ambitions. We look forward to continuing our work together to explore a range of alternative emissions reduction solutions.

From the Solent Cluster Chair's statement of 04/10:

“The Government has, today, announced the successful conclusion of commercial negotiations with the Carbon Capture, Usage, and Storage (CCUS) Track-1 clusters in other parts of the country – East Coast Cluster (ECC) and HyNet – which demonstrates a national focus on the importance of carbon capture sites. At The Solent Cluster, we look forward to engaging with these clusters to look at how we can support a drive to a low carbon future for our region and devise further opportunities for Solent businesses and partners to collaborate as part of the drive to realise our ambitions for a lower carbon future.

https://www.thesolentcluster.com/news/statement-from-anne-marie-mountifield-chair-of-the-solent-cluster/

Bottom of column 72:

I thank the right hon. Gentleman for his question. I talked to the UK chair of ExxonMobil last week about this issue, and I believe that the Minister of State, Department for Energy Security and Net Zero, my hon. Friend the Member for Croydon West (Sarah Jones), is going to meet him later this week. For the benefit of the House, this was not in either track 1 or track 2—it was part of the Solent cluster—but we want all the projects to go ahead and the Solent cluster has real potential and is an important part of this. The UK chair told me that this temporary pause was certainly nothing to do with the actions of this Government, but, frankly, was to do with the time it had taken the previous Government to get going on this. I undertake to the right hon. Gentleman that we will continue our dialogue with the company about these issues, including on the more technical issues that he is talking about.

I always say on these occasions that, when it comes to blue hydrogen and gas with CCUS, we need all the technologies at our disposal on this decarbonisation journey. It is going to be a primarily renewables-based system, but nuclear has an important role and we need dispatchable decarbonised or low-carbon generation as well. All these things have a role, and the pathway will become clearer over time, but this issue is so urgent that I want to have all the technologies at our disposal. (Ed Miliband, in the House, yesterday - column 70, in the right-hand margin, in the link below)

https://hansard.parliament.uk/Commons/2024-10-07/debates/B6C03540-3DF0-4CFB-9858-8CD26B53C69F/CarbonCaptureUsageAndStorage

Suspect the bad news for the sector in the Budget is already more than in the share price.

Suspect, too, that it will encourage investment in the sector ... overseas.

History tells us it is unpredictable.

Both lithium and graphite are critical for the production of EV batteries.

Https://www.reuters.com/markets/deals/lithium-miner-arcadium-confirms-rio-tinto-takeover-approach-2024-10-06/

Represented 14.5% of UKOG's total issued capital and 16.1% of the float, given that 10% of issued capital is held within the Employee Benefit Trust.

Not for the first time one is left wondering if there are any TR-1s to be declared.

Is UKOG in the process of becoming a "new era" stock?

And this:

The Guardian: Keir Starmer has signalled his government will drastically increase its green investment plans in an attempt to avoid a rerun of 1980s-style industrial decline.

From Citywire's round-up of the morning press:

Financial Times: Rachel Reeves has pledged to ‘invest, invest, invest’ as she prepares to boost borrowing to fund a multibillion-pound capital programme at this month’s Budget.

From Loxley to Portland Port:

https://www.ukogplc.com/

"This announcement will also help turbocharge the low carbon hydrogen sector by paving the way for the UK’s first large-scale hydrogen production plant, decarbonising vital industrial sectors".

The CEOs of the Hydrogen Energy Association and of Hydrogen UK are cited lower down in the text:

https://www.gov.uk/government/news/government-reignites-industrial-heartlands-10-days-out-from-the-international-investment-summit