Pumping carbon under the sea from gas rigs or storing it underground “simply won’t work” as a climate solution, an independent energy researcher warns.
In a report released on Thursday, the Institute for Energy Economics and Financial Analysis examined 13 of the world’s flagship (CCS) and carbon capture utilisation and storage (CCUS) projects.
More than half of them underperformed, two failed and one was mothballed, report author Bruce Robertson said.
How did Australia’s CCS project perform?
“CCS technology has been going for 50 years and many projects have failed and continued to fail, with only a handful working,” he said.
The Gorgon project off the coast of Western Australia – Australia’s only operating CCS system and one of the world’s largest – underperformed by about 50 per cent over its first five-year period, according to the case study.
Chevron Australia’s Gorgon liquefied…