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msn.com: EU pins part of climate change hopes on burying greenhouse gas under the sea

23.01.2008 18:14

A key part to Europe’s long-term effort to reduce greenhouse gas emissions will be a controversial and untried technology that aims to bury large amounts of carbon dioxide underground.

The European Commission on Wednesday pinned part of the EU’s climate change hopes on capturing greenhouse gas as it is burned in coal- or oil-fired power stations and pumping it into empty gas and oil wells under the North Sea. It said similar programs could make 7 million metric tons (7.7 million tons) of CO2 disappear by 2020, rising to around 160 million metric tons (176 million tons) by 2030 _ or 15 percent of the cuts the EU may need to make.

Norway’s Statoil ASA and Anglo-Dutch oil producer Royal Dutch Shell PLC are already working on a pilot project to bury the gas, helping them avoid carbon taxes.

http://news.uk.msn.com/Article.aspx?cp-documentid=7333725

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