I’m confused...... Santos wants Carbon Credits for pumping CO2 underground..... so it can sell them.
Angus is nodding furiously.
But our Feds are dead set against a price on emissions !?!?
WTF???
What gives?
We end a price on emissions to make CCS stack up...
But LNP ideology prevents it.... or does it?
Seems like after running the mother of all scare campaigns against carbon pricing..... the LNP is just quietly letting the future happen....
"Our aim is to drive these costs lower with scale and experience, but the first step is to generate carbon credits to enable initial development," Mr Gallagher said.
RELATED ARTICLE EMISSIONS Government looks to carbon capture for climate action
Federal Energy and Emissions Reduction Minister Angus Taylor welcomed last week's milestone for Santos's Moomba project and said work on the CCS methodology was "progressing
Santos closes in on project to trap carbon dioxide underground
From the herald.
HZR Price at posting:
66.0¢ Sentiment: Buy Disclosure: Held
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