By Reuters Staff
2 Min Read
(Reuters) - U.S. liquefied natural gas company Venture Global LNG said Thursday it plans to capture and sequester carbon at its Calcasieu Pass and Plaquemines export plants in Louisiana.
REUTERS/Vasily Fedosenko
This is part of a growing trend among energy firms to reduce greenhouse gas emissions to meet increased customer and government demand for cleaner energy to reduce damage caused by global warming.
Venture Global said in a release it was launching a carbon capture and sequestration (CCS) project that would compress carbon dioxide (CO2) at its sites and transport the gas to be permanently stored in subsurface saline aquifers.
A Dutch court ruling ordering Royal Dutch Shell to speed up its plans to cut greenhouse gas emissions could lead to a 12% decline in the company's energy output, including a sharp drop in oil and gas sales, analysts said on Thursday.
Shareholders rebuked the top two U.S. oil companies on Wednesday for dragging their feet on fighting climate change, while a Dutch court ruled that Royal Dutch Shell needs to accelerate cuts to greenhouse gas emissions.