ADN 5.26% 2.0¢ andromeda metals limited

Interesting......Normally, the captured carbon dioxide is simply...

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    ...

    Normally, the captured carbon dioxide is simply vented into the atmosphere rather than stored, although in recent years some energy companies have begun piping captured carbon dioxide to oil fields and pumping it into the ground to force more oil to the surface.

    That process is known as enhanced oil recovery, but is also referred to as carbon capture use and storage, or CCUS. Literature about CCS often conflates the two processes, though critics point out that CCUS – the one used to extract oil – is not done to benefit the climate, that it assists in the extraction of a damaging fossil fuel and that the carbon dioxide forced back into the ground is not monitored to ensure it does not leak back into the atmosphere.

    ...

    Senator McKim has this to say: “You have to ask yourself, who in their right mind would think it’s cheaper to dig up a fossil, set it on fire, try to capture the emissions and bury it – rather than just whacking up some solar panels?”

    There were only 19 large-scale CCS facilities in operation around the world, of which only two were for power stations, according to a Global CCS Institute Report from 2019. In these two cases, Bill Hare notes, the captured carbon dioxide was being used for enhanced oil recovery and hence is not being stored in a secure geological reservoir.

    By 2020, there was only one plant left, Canadian Boundary Dam, where only around 70 per cent of the captured carbon dioxide remained underground, with the rest escaping into the atmosphere.

    ...
 
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