Friday, December 28, 2007

Carbon capture and storage

Just wanted to highlight something that I saw in Greentech's weekly email. Filed as a "something to watch":

Meantime, Shell and StatoilHydro said Thursday they would scrap plans to build a gas-fired plant with technology to capture and store greenhouse gases in Norway (see stories from Reuters and The Times). The companies said the project was too costly to be economical. The news came after BP cancelled plans to build a carbon-capture center in Scotland in May, after a government decision on subsidies was delayed.

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