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CCUS and nuclear plans confirmed in UK budget
UK finance minister Jeremy Hunt announced Wednesday a raft of measures that his government says are designed to boost resilience to future energy price shocks, including increased investment in carbon capture schemes, support for new nuclear plants and an extension of energy efficiency programmes. But the government's controversial windfall tax on offshore oil and gas profits did not get a mention in today's budget statement. As anticipated, the UK finance minister announced plans to further develop the UK's carbon, capture, utilisation and storage (CCUS) industry. "I am allocating up to £20bn ($24bn) of ... (full story)