Fault Lines Are No Barrier to Safe CO2 Storage
Carbon dioxide emissions can be captured and securely stored in underground rocks, even if geological faults are present, research has confirmed...
Global Status of CCS: 2018 - CCS Vital Lifeline to Beat Climate Change
Carbon capture and storage is a vital lifeline to beat climate change, a raft of international ambassadors say in a major report released at the United Nation’s 24th Conference of Parties (COP24)...
North Sea Bringing ‘Rejuvenation’, Says Global Carbon Capture Institute
A “rejuvenation’ of European interest in Carbon Capture and Storage (CCS) technology is being brought by the North Sea, according to a new report...
Oil and Gas Climate Initiative Welcomes Chevron, Exxonmobil and Occidental Petroleum
With these additions, OGCI members now represent around 30% of global oil and gas production and supply close to 20% of global primary energy consumption. The 13 member companies represent regions including China, the Middle East, Latin America, Europe and now the United States, widening OGCI’s global reach and making its members’ collaborative effort in support of the Paris Agreement, a significant global action...
CO2 Capture Project Report on Role of CCS in the Energy Transition
The report provides current views and projections for the role of CO2 Capture and Storage (CCS) in the energy sector and what aspects need to be evaluated for CCS to play a significant role in the energy transition...
Defining Opportunity – How OGCI Is Trying to Enable A Commercial CCUS Industry
Collaborating with a wide range of stakeholders, and supported by ten major oil and gas companies, the Oil and Gas Climate Initiative (OGCI) aims to be a catalyst for a commercial CCUS industry...
The Nature Conservancy and XL Catlin Collaborate to Bring Blue Carbon Credits to Market
TNC and XL Catlin announced today a project to develop "Blue Carbon Resilience Credits". These will, for the first time, value the combined carbon sequestration and resilience benefits provided by coastal wetland ecosystems. Support provided by XL Catlin will allow TNC to explore the development of a system of credits assigning a market value to the resilience services provided by these ecosystems, which are historically undervalued. The hope behind this initiative is that, for the first time, insurance firms and other businesses will be able to offset their carbon footprint while simultaneously better understanding the contribution they are making to reducing coastal hazards in the world's most vulnerable coastal areas...
Oil and Power Giants Form New Carbon Capture Group
Companies including BP, Chevron and power giant Southern Company have formed a new coalition called the Energy Advance Center to work on carbon capture, storage and use...
10 Teams Advance to Final Stage of $20 Million Carbon Xprize
The notion of turning CO2 into something useful sounds wildly futuristic, but scientists are already making promising strides in the area. Launched in 2016, the Carbon XPrize is a US$20 million competition aimed at speeding things along, inviting competing teams to develop technologies that can capture and convert these emissions into products of value. Organizers have today announced the 10 finalists, who will now look to dramatically scale up their solutions and pit them against one another under real-world conditions...
Econic Technologies Raises £7m
The total amount raised is £7m with first-time investment from OGCI Climate Investments, alongside additional funds from existing shareholders: IP Group plc and Woodford Investment Management...
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