Glencore seeks Australian carbon capture approval amid farmer protests [Reuters]
MARUBENI CORP UNSP/ADR (MARUY)
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Source: Reuters
CANBERRA, May 13 (Reuters) - Australia's Queensland state will decide this month whether to give Glencore a key approval to bury liquefied carbon dioxide in the country's largest aquifer, a plan farm groups say must be blocked because it risks poisoning water supplies. Carbon capture and storage (CCS) is needed to achieve the world's net-zero goals and contain global warming, governments say. Its rollout has been slow but is gathering pace. Swiss commodities giant Glencore plans a three-year, A$210 million ($135 million) pilot project that would pump 330,000 metric tons of CO2 from a coal-fired power plant in the northeastern state into an aquifer 2.3 km (1.4 miles) underground. "This is an important test case for onshore CCS in Australia," said Glencore spokesperson Francis De Rosa. Glencore says there is no demand for the low-quality, expensive-to-reach water in its pumping site and the CO2 is extremely unlikely to spread significantly from where it is put. "Our project i
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