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The North Sea could become a 'central storage camp' for carbon waste. Not everyone likes the idea - TL;DR CNBC

The North Sea could become a 'central storage camp' for carbon waste. Not everyone likes the idea

Publishing timestamp: 2024-03-04 03:42:26


Summary

Norway's Longship project aims to create a full value chain for carbon capture and storage in the North Sea, but critics warn about long-term risks. The project, led by Equinor, Shell, and TotalEnergies, has received overwhelming interest, but concerns remain about the effectiveness and safety of offshore carbon storage.


Sentiment: MIXED

Tickers: SHEL-GB0M2Z-GBTTE-FR

Keywords: pollutionclimateoil and gasnorwaynorway governmentcarbon capturebusiness newsenvironmentenergytotalenergies se

Source: https://www.cnbc.com/2024/03/04/climate-change-norway-wants-to-store-carbon-under-the-north-sea.html


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