The Chevron Corp.-operated Gorgon CCS project offshore Western Australia captured in the last fiscal year (FY) just 30 percent of the carbon dioxide (CO2) emitted from natural gas extraction by the ...
Chevron will invest A$40 million (US$29 million) in Western Australian lower carbon projects as part of an offsets package to address a carbon dioxide injection shortfall at the Gorgon LNG project.
The underperformance reflects a trend among CCS projects across the globe and casts doubt 'on the financial viability of ambitious CCS plans by Australian governments and companies', IEEFA said. Image ...
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