Monday, 23 September 2013
The end for carbon capture?
Carbon capture and storage (CCS) could be a way for us to extract fossil fuels from rocks and to put the waste products back there, safely removed from our atmosphere. One of the biggest supporters of this technology has been the Norwegian Government, though this is about to change.
Norway finds itself in a dilemma; its oil industry has made it one of the richest countries in the world yet the Norwegians take their environmental responsibilitiies seriously. One way they have been addressing this is to invest in developing the technology needed to make CCS viable. However, in the light of increased costs and delays and a general election, the project has been abandonded. The geology of CCS does work and the engineering to support it could be developed, the question is whether the economics and political will are in place to make it happen.
Do you think that we should persevere with developing CCS? More importantly, would you be willing to pay for it as part of your energy costs?
Labels:
Business,
Environment,
GL3,
GL5,
Resources
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