Cancel these out if you can
In the shadows COP28 Climate Summit and mega-merger news from Woodside and Santos, Santos made a secret deal with government to extend emissions
Roll on emissions
The problem with all of this is that the CCS technology that is intended to store carbon emissions from the Barossa Field into the depleted Bayu-Undan field in Timor-Leste waters doesn’t actually work. Gallagher’s letter says as much.
Santos will proceed with the project, not dealing with their emissions. They’ll dangle CCS technology around as a future emissions solution and they’ll also use it to delay expenditure on remediating Bayu-Undan.
And they’ve got the Government captured – hook, line, and sinker.
Prime Minister Albanese has taken great pains to assure Tokyo that Australia would continue as “a reliable supplier of energy for Japan.” It is, he says, “a very good relationship.”
At the COP28 climate talks in Dubai meanwhile, Minister Bowen is in lockstep with the Japanese spruiking “abatement,” which is code for CCS, as the miracle tool that will allow massive carbon emissions to continue in an overheating world.
That Australian Government commitment sets up Santos CEO Gallagher nicely for his merger discussions with Woodside.
Meanwhile, the Earth burns … and carbon capture and storage still don’t work.
Source: Carbon Captured: Santos emails reveal gas giant orchestrated “Environment Protection” laws – Michael West
World
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