Tuesday, August 28, 2007

Putting CO2 to Good Use

A steady drumbeat of news articles proclaiming the dangers of global warming have focused public attention on the issue of carbon dioxide emissions as never before. It now seems likely that the U.S. will join Europe, Japan, and Canada in imposing a cap on the release of carbon dioxide into the atmosphere. The issue is beginning to draw a response from major energy companies, who are pursuing a number of small but potentially important pilot projects that aim to uncover the costs and technical feasibility of capturing carbon dioxide and locking it away where it won't trap more heat.

Statoil (STO), the oil giant that's 70% owned by the Norwegian government, operates at least four different projects that involve capturing the carbon dioxide that would otherwise be released from its oil production and refining operations, and is still pursuing more....

From Standard & Poor's Equity Research via BusinessWeek