Agree with you, they have hedged their bets and will only put serious money if it gets derisked. The potential issue will be if it gets half way there, then there is a temptation to go with it and try to iron out the issues. And yes you are totally correct, ESG needs to be in every energy company's business plan in order for them to achieve licence to operate/legitimacy in todays world. I can see why they want to go with something this. My gut feel is that CO2 sequestration in depleted reservoirs is right up an oil and gas co's alley.
MEL Price at posting:
2.4¢ Sentiment: None Disclosure: Held
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