It doesn’t often happen that oil and gas producers decide to embark on projects that could make a significant difference to the amount of CO2 their products release into the atmosphere.
But a carbon capture project in Teesside, UK, has taken on proportions that people couldn’t imagine just a few years ago. With billions of dollars in backing, the aim is to trap pollutants before they end up in the air.
The captured carbon then finds a new storage home in the ground, thereby reducing greenhouse gases in the atmosphere.
BP is the company behind it, but Royal Dutch Shell and Total have also invested in this project as a joint effort.
The New York Times has highlighted some reasons why this form of carbon collection has gained so much interest.
“Oil companies are also under growing pressure to reduce the carbon content of the energy products they sell. They are investing in wind and solar power, which have proved to work, as well as in technologies, like carbon capture, that fit with their expertise and may not pay off until well into the next decade, if ever.”
The big question is whether the $5 billion dollars will be enough and how effective the project becomes.
Chris is one of GreenCitizen’s writers who has been a long-time advocate of individual responsibility when it comes to the environment. He shares GreenCitizen's passion for making the world a better place every day of the year.
Oil Industry Plans to Return Carbon to the Ground
Chris Bolt | 2021-06-30 | Category : Climate Change | 2 minutes read | 1919 Views
It doesn’t often happen that oil and gas producers decide to embark on projects that could make a significant difference to the amount of CO2 their products release into the atmosphere.
But a carbon capture project in Teesside, UK, has taken on proportions that people couldn’t imagine just a few years ago. With billions of dollars in backing, the aim is to trap pollutants before they end up in the air.
The captured carbon then finds a new storage home in the ground, thereby reducing greenhouse gases in the atmosphere.
BP is the company behind it, but Royal Dutch Shell and Total have also invested in this project as a joint effort.
The New York Times has highlighted some reasons why this form of carbon collection has gained so much interest.
“Oil companies are also under growing pressure to reduce the carbon content of the energy products they sell. They are investing in wind and solar power, which have proved to work, as well as in technologies, like carbon capture, that fit with their expertise and may not pay off until well into the next decade, if ever.”
The big question is whether the $5 billion dollars will be enough and how effective the project becomes.
More inspiring green news similar to this:
Chris Bolt
Chris is one of GreenCitizen’s writers who has been a long-time advocate of individual responsibility when it comes to the environment. He shares GreenCitizen's passion for making the world a better place every day of the year.
Latest News
Trending on GreenCitizen
December-14-2021
Patriot Power Generator Review (2022): Worth Your Money?March-31-2022
Lithium-Ion Battery Recycling: The Complete GuideJune-07-2022
9 Actionable Tips For A Sustainable 4th of July CelebrationJanuary-07-2022
10 Best Eco-Friendly Laundry Detergents (2022)December-05-2021
How to Build a Lean-to Greenhouse?September-02-2020
How to Build Your Own DIY Solar Generator?April-10-2022
44 Of The World’s Most Ethical Companies (Updated 2022)January-03-2022
How to Recycle VHS Tapes and Cassette Tapes: A Complete GuideMay-05-2022
How To Use A Citric Acid Cleaner On Household ItemsJuly-27-2021
How To Dispose Of A Washer And Dryer In An Eco-Friendly Way?Our Services
Category: Climate Change, Green Industry, Green News, Sustainable Business