All Eon are saying is that they a likely to delay commiting cash to build the new plant for the next two or three year so that certainly does not translate as shelving the project, not when they are still seeking the billion pound gift from Ed Miliband to trial the CCS.
Nether-the-less, Eon may have shot themselves in the foot a little by blaming the recession and fall in demand for electricity as a deciding factor. They have completely underminded the argument that we must build new coal fired-power stations in the UK to plug an 'energy gap' and keep the lights on. Clearly, by their own admission, we can simple reduce demand by taking energy saving measures and end capitalisms mindless and blind fixation on constant economic growth.
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