STO 0.33% $7.70 santos limited

STO Well positioned, page-551

  1. J L
    1,551 Posts.
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    The Fed. govt., as per my 2 posts & links above, disagrees with you- it states gas & oil will be crucial to at least 2050; & it also supports CCS.


    Yes, I agree that that's their current view. It can change at any time.

    CCS is definitely worth discussing further.

    I put it to you that STO, like WDS, has based its carbon abatement policy solely on carbon credits, carbon capture and storage and other types of carbon utilisation. Not a long-term solution by any means, IMO. Net carbon neutral, it is not.

    It's a carbon intensive gas made to look environmentally acceptable by attempting to clean up the extraction process.

    Before developing the discussion further, please tell me where you think the CO2 that STO is planning to capture and store is coming from, and I will tell you why I think the whole idea won't stand up environmentally and possibly economically.

    As I said before, that within about 15 years or so, STO will have to start transitioning to renewables of some sort.

    J L.


 
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