Oil companies preparing for more carbon constraints

Oil and gas companies are working to address climate change concerns while developing strategies to extract value from the management of carbon dioxide emissions.They are preparing for a world of increasing carbon constraints imposed in response to forecasts of rising emissions of greenhouse gases (GHG), such as a projection from the US government that world CO2 emissions will reach 38.8 billion tonnes/year in 2025 (Fig. 1). Click here to enlarge imageOne method for slowing the growth of the atmosphere’s CO2 concentration is to capture and bury emissions. Because of rising interest in so-called sequestration, scientists are monitoring existing CO2 storage sites while lawmakers cons...

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