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In December 2020, the Norwegian government approved funding the $1.6 billion Northern Lights project led by Norway’s Equinor, Anglo-Dutch Shell and France’s Total. Northern Lights is the transportation and storage element of Longship – Norway’s pioneering $2.3 billion full-scale carbon capture and storage project, which is planned to include the development and operation of a carbon dioxide transportation and storage network through which Norwegian and European industrial companies emitting carbon dioxide may store their emissions underground. The first phase of the project is expected to be completed as early as 2024.