Capturing CO2
In some ways, EU carbon prices could be viewed as a barometer of mounting environmental pressure not just within Europe but on a global scale. Recently, EU emissions trading scheme (ETS) credits have surged to record levels, trading above €42 this week, rising by more than tenfold from a typical €4 - €8 range seen between 2012 and 2018. As with many other sectors, the oil industry is under increasing scrutiny, with oil majors adapting their strategies to focus on reducing carbon intensity and pledging to become carbon neutral by 2050. Yet, the routes taken to achieve these goals vary. While many European companies are pivoting towards renewables, many US based companies are taking a somewhat different approach.
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2021 03 19 - Capturing CO2 |
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