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Can Pumping CO2 Into California's Oil Fields Help Stop Global Warming?
America's Environmental Protection Agency "has signed off on a California oil company's plans to permanently store carbon emissions deep underground to combat global warming," reports the Los Angeles Times: California Resources Corp., the state's largest oil and gas company, applied for permission ...
Although this technique has never been performed on a large scale in California, the state's climate plan calls for these operations to be widely deployed across the Central Valley to reduce carbon emissions from industrial facilities. The company must plug 157 wells to ensure the CO2 remains underground, monitor the injection site for leaks and obtain a $33-million insurance policy. Canadian-based Brookfield Corporation also invested $500 million, according to the article, with California Resources Corp. seeking permits for five projects — more than any company in the nation.
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