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BP cancels CO2 sequestration project

On the same day the White Paper was published, [BP] announced that it
was scraping a £31bn plan to build a coal plant that would capture all
its carbon emissions and pump them under the sea bed. The company said
a delay in deciding whether the ambitious project deserved state
subsidy until 2008 meant that it was not worth pursuing

http://news.independent.co.uk/business/comment/article2586551.ece