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Shell joins ScottishPower’s carbon capture and storage consortium

OIL giant Shell has become the latest and biggest weapon in the armoury of ScottishPower chief executive Nick Horler’s campaign to win around £1bn from a government competition to develop coal-fired power stations that can capture and store carbon dioxide emissions.

ScottishPower yesterday also said that electricity network provider National Grid had also agreed to join the consortium, but that Shell had replaced Marathon Oil, which pulled out of the group earlier this year “for its own commercial reasons”.