Backing Acorn CCS

That the Parliament agrees with the businesses and business organisations that have written a letter to the Chancellor of the Exchequer urging the UK Government to back the Acorn carbon capture and storage (CCS) project in Aberdeenshire; notes that signatories to the letter include CBI Scotland, the Net Zero Technology Centre, the Institute of Directors Scotland, Scottish Financial Enterprise, Opportunity North East, Aberdeen and Grampian Chambers of Commerce and the Scottish Chambers of Commerce; understands that the letter warns that thousands of jobs, billions of pounds of investment and economic growth will all be threatened if the UK Government fails to take affirmative action now; believes that Acorn CCS is central to Scotland’s ability to cut industrial emissions, providing, it understands, the country’s only viable CO2 transport and storage solution; notes that the Climate Change Committee’s latest report, The Seventh Carbon Budget, states that the Scottish cluster, anchored by Acorn CCS, could store between 10 and 22 mega-tonnes of CO2 annually by 2050, and calls on the UK Government to put an end to what it sees as nearly two decades of delays on Acorn CCS and give the project the green light.