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Stock impact report

Proponents of costly carbon capture and storage to lobby hard at climate conference [Toronto Globe and Mail (Ontario, Canada)]

Equinor ASA (EQNR) 
Last equinor asa earnings: 2/6 12:43 am Check Earnings Report
When countries gather on Sunday to hammer out how they will enact pledges to cut carbon emissions, a Norwegian-led oil consortium will offer a solution: pump some of your excess carbon dioxide to us and we could store it for you. Environmentalists worry the costly technology, known as carbon capture and storage (CCS), will perpetuate the fossil-fuel status quo when rapid and deep cuts energy use are needed to limit global warming. But proponents of CCS will be lobbying hard at the two-week climate conference in Katowice, Poland, for the extensive investment and regulatory change required to employ it at scale, citing UN assessments that it could play a role. Story continues below advertisement “The expectation is that Katowice will be important,” said Stephen Bull, a senior vice president at Norwegian state-controlled oil company Equinor, which is involved in developing a CCS project called Northern Lights. “CCS is the only way to go, Show less Read more
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