Oil and gas producers to finance CO2 storage facilities

Numerous storage sites for injected carbon dioxide are supposed to be created in the EU countries by 2030. At least 50 million metric tons of CO2 should be able to be stored in them each year. This is what the EU Commission calls for according to a current version of the Net Zero Industry Act, which it plans to present next week. „Contexte“ had published the draft of a legislative proposal that is to be Europe’s answer to the US Inflation Reduction Act.