“We’re sending carbon back where it came from,” Norway’s energy giant Equinor says , describing its efforts to make carbon capture and storage (CCS) commercially viable in a future decarbonized energy system. Equinor is a joint venture partner with two other oil majors, Shell and Total, in developing the Northern Lights project in Norway, which is planned to deliver carbon storage as a service to help third-party industries to reduce emissions. Big Oil has been using CCS as a means to cut emissions from its own operations. Now the world’s largest international oil companies see carbon capture and storage as a potential new revenue stream in the energy transition. The top oil firms are already involved in dozens of CCS or CCSU (U for utilization) projects from Norway to Australia, saying that the technology is recognized as critical to achieving the Paris Agreement goals. Of course, Big Oil’s increased […]