The claim of a $600bn carbon capture windfall for Australia is based on heroic assumptions and selective analysis | Temperature Check

Projections of the size and scale of a future CCS industry should come with heavy doses of scepticism

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As far as bonanzas go, a claim this week that Australia could pull in almost $600bn by storing carbon dioxide from other countries is one that puts even the Aukus nuclear submarine deal in the shade.

The oil and gas industry lobby group Australian Energy Producers made the claim, reported in the Australian, pointing to a study carried out by global energy analysts Wood Mackenzie.

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Continue reading…Projections of the size and scale of a future CCS industry should come with heavy doses of scepticismFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastAs far as bonanzas go, a claim this week that Australia could pull in almost $600bn by storing carbon dioxide from other countries is one that puts even the Aukus nuclear submarine deal in the shade.The oil and gas industry lobby group Australian Energy Producers made the claim, reported in the Australian, pointing to a study carried out by global energy analysts Wood Mackenzie.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading… 

Projections of the size and scale of a future CCS industry should come with heavy doses of scepticism

Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcast

As far as bonanzas go, a claim this week that Australia could pull in almost $600bn by storing carbon dioxide from other countries is one that puts even the Aukus nuclear submarine deal in the shade.

The oil and gas industry lobby group Australian Energy Producers made the claim, reported in the Australian, pointing to a study carried out by global energy analysts Wood Mackenzie.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

Continue reading… Environment, Energy, Australia news, Fossil fuels, News Corporation Environment | The Guardian

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