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Carbon capture option Pembroke Power Station

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RWE, who operates Pembroke Power Station, has signed a contract with Fluor – a global  engineering and construction firm that specialises in carbon capture projects.  The project will investigate the feasibility of retrofitting post-combustion capture of carbon at Pembroke Power Station. The study is expected to take six months, completing in early 2023.

This feasibility study is part of RWE’s ambitious decarbonisation plans centred around the Pembroke Net Zero Centre, which brings together knowledge and expertise from across RWE’s offshore wind, gas-fired generation and hydrogen businesses to develop green energy solutions for both Pembrokeshire and the South Wales region. This is the second project to come out of RWE’s Pembroke NetZero Centre (PNZC), which launched earlier this year.

This report will form part of the analysis required for RWE to participate in the UK Government’s carbon capture, usage and storage (CCUS) cluster sequencing process. This was a commitment to deploy CCUS in a minimum of two industrial clusters by the mid-2020s, and four by 2030 at the latest in support of the UK’s transition to net zero.

RWE is developing options for the decarbonisation of its 2.2 gigawatt gas-fired Power Station in Pembroke, among them post-combustion carbon capture and the introduction of hydrogen as a clean fuel. Pembroke’s South Wales location provides it with the unique advantages of being within an industrial hub and creating collaboration opportunities with partners from within the South Wales Industrial Cluster (SWIC) who together cover the full low carbon value chain, including – from the necessary ship transport and storage of CO2 to the supply of clean hydrogen.

Richard Little, Director of the Pembroke Net Zero Centre , said: “RWE is committed to decarbonising its business by 2040, a date that in the UK fits nicely alongside the Government’s ambition for a net zero power sector by 2035. Through our PNZC we will create a hub for our green energy projects, including the development of floating wind in the Celtic Sea, the development of a hydrogen electrolyser and decarbonisation of Pembroke Power station through a mixture of carbon capture and hydrogen fuel. We are already working with South Wales businesses to help them meet their decarbonisation targets, while supporting the Welsh Government to achieve its ambitions for Net Zero.”

Julian Marschewski from RWE Generation’s Strategic Development department , said: “Kicking off this technical feasibility study with Fluor is an important step towards creating tangible options for our lighthouse decarbonisation project at Pembroke. The experience gained will also give us a better understanding on how to decarbonise RWE’s wider fleet of gas-fired assets.”

RWE is at the forefront of green innovation and is aiming to invest £15 billion in the UK in green energy projects by 2030. The company has a wealth of knowledge and experience in the development of hydrogen projects across Europe, and at the same time creating skilled green jobs.

The feasibility study has been partly funded by South Wales Industrial Cluster; a consortium of Wales’s major industry, energy, infrastructure, law, academic and engineering organisations of which RWE is a key member. The cluster was successful in securing support from the public and private sector to develop a range of partner decarbonisation deployment projects for the region.

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£3m funding scheme for marine, fisheries and aquaculture projects announced

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A £3 MILLION funding scheme to support the fisheries, marine and aquaculture sectors is now open for expressions of interest, Minister for Rural Affairs Lesley Griffiths has announced.

The funding is available over two years and replaces the previous European Maritime and Fisheries Fund.

The aim of the Welsh Marine and Fisheries Fund is to support seafood producers, coastal communities and the marine environment to thrive, by investing strategically for the long-term benefit of the sector.

In this first funding round of the scheme the focus is on assisting with finding new markets for fishery and aquaculture products, promote the quality of products and help businesses to market their products.

Expressions of interest are also invited to support research to improve energy efficiency and mitigate and adapt to the effects of climate change within the marine and fisheries sector.

Further details on how to submit an expression of interest for the Welsh Marine and Fisheries Fund is available through Rural Payments Wales (RPW) Online.

Later this week a further £800,000 challenge fund will open to build capacity in coastal communities. Funding support is provided to improve environmental outcomes and potentially increase demand for local seafood with strong sustainability credentials. The pilot scheme, to be managed by the Wales Council for Voluntary Action as part of the Local Nature Partnership network aims to enhance skills on a local level and encourage partners to work together.

Rural Affairs Minister Lesley Griffiths said: “I’m pleased the Marine, Fisheries and Aquaculture support scheme is now open for expressions of interest. Our fisheries, marine and aquaculture sectors in Wales are facing many challenges following our departure from the EU and the cost-of-living crisis. I hope this fund will go some way to help support them in marketing their business, and also finding ways to deal with the climate emergency.

“The separate £800,000 funding will help build capacity in coastal communities for groups to work together on important projects to support sustainable growth, diversification and nature recovery. It is often people working locally who can deliver real change in their area, and this funding will support them to do that.”

Further details on Coastal Capacity Building and registering for an information seminar being held on 12 December is available by contacting Local Nature Partnerships at lnpcymru@wcva.cymru

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Pembrokeshire Mortgage Centre fined £2.3m for ‘woeful pensions advice’

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THE FINANCIAL CONDUCT AUTHORITY (FCA) has fined Pembrokeshire Mortgage Centre Limited, which was based in Saundersfoot, £2,354,331 for unsuitable advice to consumers to transfer out of the British Steel Pension Scheme (BSPS) and other defined benefit pension schemes.

The FCA’s view is that most people should keep the guaranteed income provided by a DB pension.

Pembrokeshire Mortgage Centre advised 420 consumers, nearly two-thirds of whom were BSPS members, on whether to transfer out of their defined benefit scheme – 93% were advised to transfer, and as a resulting PMC earned over £2m in transfer and ongoing advice fees.

Mark Steward, executive director of enforcement and market oversight, said: “Pembrokeshire Mortgage Centre advised hundreds of consumers to give up valuable defined benefit pensions without any adequate justification or rationale, using generic, templated advice not tailored to the specific circumstances of their customers while earning fees in doing so.

“The quality of advice seen here was woeful.”

As of 30 November 2022, the Financial Services Compensation Scheme (FSCS) has upheld 213 pension transfer claims against Pembrokeshire Mortgage Centre and paid out more than £13.3m in compensation.

Many of the people advised were in a vulnerable position due to the uncertainty surrounding the future of the British Steel Pension Scheme and the short timescale they had to make a decision.

But the regulator found that 60% of people did not receive the quality of advice they needed to make an informed decision.

However, the FCA said they did not receive the quality of advice they needed to make an informed decision.

The regulator said they needed clear, objective and expert advice. Instead, Pembrokeshire Mortgage Centre gave unsuitable advice in 60% of cases, even higher than BSPS as a whole.

The failings included the provision of generic suitability reports that were not tailored to the circumstances of individual consumers and contained contradictory, misleading and confusing statements.

The FCA said Pembrokeshire Mortgage Centre also failed to have adequate resources to deal with the increase in cases caused by BSPS, further impacting the quality of advice provided.

Many consumers, according to the regulator, were advised to transfer out even though they were relying on the guaranteed income to fund their retirement and could not afford to bear the risk of transferring out.

This included those who needed the money to provide for dependents needing long-term care.

Steward added: “The failings were particularly egregious in the context of the British Steel Pension Scheme, where customers were in an unusually vulnerable position.

“The FCA’s investigation into the involvement of others in these matters remains ongoing.

“Any consumers who were advised to transfer should contact the Financial Services Compensation Scheme to see if they are owed redress.”

Pembrokeshire Mortgage Centre Limited is currently in liquidation, The Pembrokeshire Herald understands.

The said that it would FCA will give preference to creditors (some of whom may be consumers), ahead of its financial penalty, to maximise funds available for redress – meaning it is unlikely that the fine would ever be paid.

The FCA has said that it continues to progress around 30 ongoing enforcement investigations into firms and individuals relating wholly or partly to BSPS advice, all of which are at a very advanced stage, and some are in litigation.

A former director

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Police and Crime Commissioner: Stark financial pressures facing the force

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THE POLIC AND CRIME COMMISSIONER, Mr Llywelyn has launched a public consultation on police funding, giving the public the opportunity to have their say on the police precept level for the next financial year.

Police and Crime Commissioners are responsible for setting the police precept which is the amount that local council taxpayers contribute towards policing.

The Commissioner’s overall budget for 2022/23 is £127.4m with £60.7m of funding coming from UK/Welsh Government and £66.7m from local council tax precept. Currently, a Band D Council tax payer in Dyfed-Powys pay £290.16 through their Council Tax to support policing.

In launching the precept consultation for 2023/24, Mr Llywelyn has warned of stark financial pressures and resultant operational risks which could threaten the continued safety of our communities.

Mr Llywelyn said: “Deciding on the precept level is always a challenging process but this year sees unprecedented challenges given the severe financial landscape.

“Inflation, rapidly rising costs and uncertainty about how much money forces will receive from the Government for the next financial year through the Police Grant Settlements, has put policing in an incredibly difficult position.

“There are also additional pressures arising from both the increase in volume and complexity of crime, which we must take into consideration as we look to the future.

“Given the scale of all the challenges, the Chief Constable initiated a Force Review during the summer to critically assess all areas of activity seeking efficiencies, savings and transformational opportunities.

“I am painfully aware of the pressure the cost-of-living crisis is putting on people across Wales and indeed locally.

“Sadly, these challenges and rising costs are hitting emergency services too, and we need to act now to protect our vital service to the public.

“Despite careful financial planning by the force, we will have to make increasingly difficult decisions over the next few years, but my priority is to ensure we can continue to run an efficient and effective Police force to continue to keep our communities safe.

“All options being put forward within this precept consultation rely on the force making efficiency and savings of between £4.1m and £5.9m in the next year.”

As he appealed to the public to complete the short consultation, Mr Llywelyn concluded: “It is a very challenging year, but it is very important for me to hear people’s views, therefore I am urging our residents and businesses to have their say through this consultation.”

The survey will remain open until 8 January 2023, and can be accessed here:

https://www.surveymonkey.co.uk/r/R2WY8HV

Other formats of the survey are available on request from the Police and Crime Commissioner’s office by emailing OPCC@dyfed-powys.police.uk or calling 01267 226440.

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