Australia leads way in sea-bed carbon storage
31 Mar 2008
Australia, a new convert to climate change environmentalism, hopes to lead the world in establishing a regulated carbon capture and storage regime, with the sea-bed being the key storage site.
Energy Minister Martin Ferguson last week said he planned to amend the Offshore Petroleum Act this year to allow sea-bed storage of carbon emissions from the coal-fired power stations that supply 80% of Australia’s electricity.
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