The U.K. government selects a project led by Royal Dutch Shell (RDS.A) to capture and store...

|About: Royal Dutch Shell plc (RDS.A)|By:, SA News Editor

The U.K. government selects a project led by Royal Dutch Shell (RDS.A) to capture and store carbon emissions from a gas-fired power plant as a preferred bidder for $1.5B in funding. The Shell-led project is the world's first commercial-scale carbon capture and storage project at a gas plant and dovetails with U.K. plans to increase the role of gas in electricity generation in efforts to cut emissions.