Carbon Emissions
Shell, Equinor and TotalEnergies invest $714 Million in Carbon Storage Expansion
Shell, Equinor, and TotalEnergies announced on Thursday that they would invest 7.5 billion Norwegian crowns (713.66 million dollars) in expanding their flagship project for carbon storage in western Norway. This follows a recent customer agreement. They said that the decision was made after the partners signed an agreement for a 15-year period with Stockholm Exergi, to store and transport 900,000 tons of carbon dioxide annually at the Northern Lights facility. Shell stated in a press release that the expansion will more than triple CO2 injection capability at the site to 5 million tonnes annually, which is equivalent to 10% of...