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Sir Keir Starmer will promise to create 4,000 jobs by ploughing £22bn into projects to capture and store carbon emissions from energy, industry and hydrogen production.
On a visit to Liverpool, the prime minister will unveil two “carbon capture clusters” in Merseyside and Teesside to be developed in the next 25 years.
As well as creating thousands of jobs directly, Labour said the investment will support 50,000 jobs in the long-term.
Announcing the investment, Sir Keir said his government is “reigniting our industrial heartlands by investing in the industry of the future”.
He added: “For the past 14 years, business has been second-guessing a dysfunctional government – which has set us …