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It is really a shame that there is not a carbon dioxide tax and have it pay out for sequestering carbon dioxide (negative emissions). Sequestering CO2 in geolog
by njarboe 5y ago
It is really a shame that there is not a carbon dioxide tax and have it pay out for sequestering carbon dioxide (negative emissions). Sequestering CO2 in geologic formations would fit right in with oil and gas company's core competencies. Many of those companies supported a carbon dioxide tax and they could have transitioned to companies just sequestering carbon dioxide sometime in the future. This could still be done right now, but current politics is more interested in punishing the other side than finding win/win solutions.
- ralphhughes 5y agoYou say 'this could still be done right now', but in many cases it is being done already. For example the company I work for [0] spent many years databasing where oil reservoirs were globally. Now we sell the same information for sequestering CO2 in the empty reservoirs :-) [0] https://www.cgg.com/industry-applications/energy-transition/carbon-capture-utilization-sequestration https://www.cgg.com/industry-applications/energy-transition/...
- njarboe 5y agoThat's cool. Looks like quite a big international operation. Who are some of your customers and places where they are sequestering CO2? I had not heard it being done at commercial scale yet and don't see any examples on the website.