Dr. Neil Walker:

This was 15 years ago and there are different levels of technological readiness. I think there were eight or nine levels and the technology was such that although carbon capture and storage has been demonstrated in the States and has been demonstrated successfully in Norway, it really has not been demonstrated within the EU. What they wanted to do was to have demonstration projects but there are a number of societal issues. Let us say the Kinsale worked out gas field could be used for carbon storage, we would want to ensure it would stay there for at least 100 years otherwise we could end up with the biggest jacuzzi in the world. One of the biggest problems is the cost of insurance. Who would insure against the risk of something that might happen 50 years hence, so that money never got spent.