The EU Blows $683 million (£520m) on a carbon capture project – that captured nothing!Posted: November 9, 2017
“The EU Blows $683 million (£520m)” of *other-peoples’-money* on “save the planet” feel-good fantasies.
NEVER mind. No amount of wasted public money can trump good intentions and “Save The Planet” virtue. /sarc
From the “models didn’t predict this” and the “Climate Action” department:
An investigation found that Brussels blew the colossal sum of cash on a drive to build underground storage facilities for CO2 emissions – but no such facilities were ever constructed.
This week the architect of the scheme, a former Lib Dem MEP, admitted this was because officials bungled their predictions for the environmental costs facing businesses.
The revelations, uncovered by the website EUobserver, will heap further pressure on EU chiefs who are already facing increased scrutiny over their spending due to Brexit.
Britain’s departure from the bloc is set to blow a £9 billion a year hole in its budget, with a number of member states actively calling for Brussels’ largesse to be be reined in.
Eurosceptics in the UK have long complained about the cost and red tape related to European environmental regulations which they accuse of stifling…
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