Agreed, i think TEG have positioned very well on a late life...

Agreed, i think TEG have positioned very well on a late life asset, thanks for the note rooster.

I see pilot as likely to push ahead regardless of the obstacles or rationality. They are spending investors money and will need to keep the good news flow going to retain that support. It will be down to the regulator to ensure anything they permit is feasible and the government doesn't end up stuck with an abandonment project if TEG vanishes and pilot goes under before anything actually is sequestered. To me that's the risk for TEG, some caution or scepticism from a regulator who's been burnt before, who decided to just put everything on ice. That said, I think the regulator should be doing everything it can to support emissions reduction from ccs.

the ccs project could well be fantastic and I really hope it makes some money for those who back it. However, i like the fact TEG are positioning their participation as optional.