Quoted from "Carbon capture to save industry" (The Australian)...

Quoted from "Carbon capture to save industry" (The Australian) :

"The Government is making a massive $2.4 billion investment in low-emission coal in the budget.

It is putting $2 billion of new funding into the development of industrial-scale carbon capture and storage projects to boost Australian technology, protect jobs and tackle climate change.

The new $2 billion will be invested over nine years in the Carbon Capture and Storage Flagships program.

Resources Minister Martin Ferguson said the money would support first-of-a-kind industrial-scale demonstration projects for carbon capture and storage in Australia. "

AVA has a strong rally today while the market is in red.