Carbon Market Outlook: CCUS Technology, Carbon Tax Credits to Shape 2022

Nicholas Fulford, senior director of energy transition for Gaffney Cline, discussed how investments in sequestration technology and supporting legislation while drive favorable carbon economics in 2022.

Carbon Market Outlook CCUS Technology, Carbon Tax Credits to Shape 2022

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The new world order of the oil and gas industry surrounds a low-carbon and/or new energy focused business model. And, as capital allocation for these projects grew significantly in 2021, this implies favorable economics for low-carbon producers in 2022.

Nicholas Fulford, the senior director of energy transition for petroleum consulting firm GaffneyCline, said net-zero commitments from all supermajors and most NOCs paired the introduction of new tax credit incentives indicates a new horizon for oil and gas portfolios going into 2022.

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Mary Holcomb

Mary Holcomb is an Associate Editor for HartEnergy.com's Digital News Group. She contributes to the company’s technology-based content such as subsea, seismic, digital oilfield, etc.