Following several announcements over the past year from oil majors investing heavily in carbon capture and storage (CCS) technologies, it appears progress has been made. Several governments and oil firms are working together to come up with various carbon capture solutions, from burying CO2 underground to pumping it into rocks. With the big players working together, this could be the mid-term answer to net-zero emissions the world’s been looking for.
In the U.K. this week, the Climate Change Committee (CCC) advised the country that the use of the reservoirs under the North Sea for CCS would be most effective, as the technologies get up and running in the region. However, reusing existing onshore wells could also provide an inexpensive and simple means for storing…
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