CBI responds to announcement securing UK CO2 supplies

Matthew Fell, CBI Chief Policy Director, said:

“This announcement should provide some short-run reassurance for the food sector and others heavily reliant on CO2.

“Yet retail energy suppliers are still urgently anticipating measures from the government – delivered alongside industry – to provide stability.

“Given significant price rises affecting both businesses and consumers, it’s essential vulnerable customers and key energy intensive companies, which underpin critical UK supply chains, are well supported throughout the winter.

“Meanwhile, action must be taken to ensure the UK’s transition to low-carbon power. Longer-term, we need to review the regulatory framework that has failed to the deliver investment and resilience needed.”