While company refuses to say how much the shortfall is, conservationists say admission is proof the project isn’t working
Chevron was liable for capturing CO2 at its plant from July 2016, but technical problems meant injection didn’t start until August 2019. Between that late start date and July 2021, 5.5Mt of CO2 was stored.
Chevron’s CCS plant extracts CO2 from the gas after it has been drilled. But the vast majority of emissions come once the gas is burned overseas. Surrendering an offset means the buyer pays for carbon credits that relate to projects that save emissions but then cancels, or “surrenders”, them instead of holding them as an asset or selling them.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Gas blackmail’: how Putin’s weaponised energy supplies are hurting EuropeAfter gas supplies through Nord Stream 1 stopped on Monday, European leaders plan for a future without Russian energy
Read more »
Australia ‘hasn’t been asked’ to place a moratorium on gas and coal by Pacific leaders
Read more »
What is ‘renewable gas’ and is it really just around the corner? | Temperature CheckThe green gas nirvana touted by industry is hydrogen made using renewable energy and biomethane produced from organic waste – and it’s decades away
Read more »
What is ‘renewable gas’ and is it really just around the corner? | Temperature CheckThe green gas nirvana touted by industry is hydrogen made using renewable energy and biomethane produced from organic waste – and it’s decades away
Read more »
British aid worker held by Russian-backed Ukraine separatists reported deadPaul Urey, who was captured and accused of being a mercenary, has died, Donetsk official says
Read more »