CCS: The Keys to Executing an Essential Solution to Carbon Neutrality

Here’s how the oil and gas industry is poised to leverage its expertise to help achieve net-zero goals.

(Source: California Resources Corp.)

Carbon capture and storage (CCS) is the proven and demonstrated process of capturing CO2 from industrial carbon emission sources and transporting it to subsurface geologic formations for permanent storage.  According to many credible energy transition studies, CCS is critical to achieving ambitious societal goals around carbon neutrality such as California’s greenhouse-gas (GHG) emissions reduction targets of 40% by 2030 and net-zero by 2045. The scale of CCS projects varies significantly, particularly between offshore and onshore storage complexes. Implementation, operation and monitoring of storage complexes associated with CCS projects at-scale requires expertise across many disciplines.

A pragmatic and informed working knowledge of subsurface complexity, land positioning, commercial models and broader stakeholder expectations is instrumental to the early and impactful adoption of CCS.

The oil and natural gas energy industry, through its unique positioning and skill set, is ideally situated to lead CCS innovation to lower carbon intensity associated with energy production across many industrial sectors while simultaneously developing the infrastructure and capability to build out the renewable and zero-emission energy complexes of the future.

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