There’s a fresh breeze blowing through the energy patch. Oil and gas companies seem to have turned a corner and are piling on the climate change bandwagon. They’re talking green, walking green, and many are in hot pursuit of government subsidies and tax breaks that are here today, with expectations that more incentives are on the way. Carbon dioxide is their primary target — it’s by far the most prevalent greenhouse gas and technologies already exist for permanently depositing captured CO2 deep underground. In fact, the U.S. is #1 in the world at this, accounting for about 80% of all the CO2 being stored globally. But it may surprise you to learn that much of the CO2 being squirreled away for eternity isn’t captured from industrial processes or exhaust. Instead, a lot of it comes from CO2 reservoirs in Colorado and New Mexico, tapped on purpose to bring vast volumes of CO2 to the surface. Why? So that CO2 can be put right back into the ground. Sound crazy? Well, it’s not. In the blog series we begin today, we explore the rapidly evolving CO2 market and the huge opportunities that await those with the ambition to pursue them.
The Air That I Breathe – The Tremendous Promise, Gold-Rush Potential, and Remarkable Paradox of CO2 Sequestration
