The future is unsequestered fossil fuels, participants at an FT conference say.

Some 29 per cent of all new power investment over the next decade is expected to be in coal, 28% oil and gas. Wind and solar are trailing on 18 and 6%. As for CCS, Andrew Brandler, chief executive of CLP Holdings, said: “People in China don’t talk about CCS.” The FT reports that “he believes there will be no major export opportunities in China for this technology – even if it does prove viable – for the next 10 or 15 years.”