S. Mc Culloch, CEO of the Australian Energy Producers...

S. Mc Culloch, CEO of the Australian Energy Producers organisation, said, at an AEP Conference on 24.5.24, there is increasing technical & economic confidence in:-

. the efficacy of Carbon Capture & Storage technologies
. Australia has many sites that are particularly useful for CCS
. & that many Asian countries are very keen to utilise these sites for the CO2 emissions they produce

Watch Australian Energy Producers on Industry Outlook - Bloomberg
(Go to 3 minutes 40 seconds- 4 mins 50 secs. for Mc Culloch's comments)

The Fed. ALP govt has stated it is very supportive of further investigation into the economic efficiency & permanent storage capabilities of CCS.

If CCS technology becomes proven, then it will offer an huge economic trade boost for Australia ie to sell these CO2 storage provisions to Asian countries (& for Australia itself, of course).
Furthermore, successful CCS will prolong the use of gas power- this will, eventually, greatly benefit STO.