Oil and Gas Industry Pushes for Public Support for Carbon Capture Deployment

Post Views: 629 Oil and Gas Industry The oil and gas industry has called on the European Union (EU) to create a European CCS Bank. This initiative would support large-scale carbon capture and storage (CCS) projects. The industry faces pressure to implement CCS technology to meet the EU’s decarbonization goals by 2030. Currently, the EU’s Innovation Fund uses public funds from CO2 emissions allowance sales to support pilot projects. However, the industry believes the current funding levels are not enough to meet the ambitious goals set by the Net Zero Industry Act (NZIA). The proposal for...