Oil Sands and Related Stocks Message Board

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Gold/Mining/Energy : Oil Sands and Related Stocks

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To: Taikun who wrote (1721)	8/12/2005 12:00:50 PM
From: A.J. Mullen	Read Replies (1) of 25575

Some work in Britain on trapping CO2 from a power station, then piping it into the North sea Fields: news.bbc.co.uk A (UK) govt report is available through the BBC article above as a PDF file. It sees carbon capture & storage as a cost to reducing CO2 emissions, with enhanced recovery only reducing that cost - not making the process profitable on its own. Its suggests the overall cost of sequestering CO2 would be of the same order as the extra cost of using wind or nuclear generation. All is dependent on the cost of oil of course. CO2 trading is already happening in Europe (Canada too?) post Kyoto, so I suppose the profitability will also depend on the cost of the CO2 credits. I must look into DNR. They can't be expecting to trade CO2 credits from the US. Ashley

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