Richard Budge, the mining entrepreneur dubbed “King Coal” when he bought the rump of England’s coal mining industry in 1994, has come a step closer to capping a remarkable business comeback by building the UK’s first “clean coal” power station.

The European Commission has pledged €180m (£162m) towards a proposed carbon capture and storage (CCS) plant at Hatfield colliery in South Yorkshire, a site owned by Mr Budge’s Powerfuel company. A deadline for European legislators to object to the plan passed at the weekend.

Read the complete article here:

http://www.ft.com/cms/s/0/1f20f288-d864-11de-b63a-00144feabdc0.html?ncli...