Government Policies and the Oil and Gas Industry’s Focus have Boosted Global Carbon Sequestration Activities

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Government Policies and the Oil and Gas Industry’s Focus have Boosted Global Carbon Sequestration Activities Powered By Docstoc
					          Government Policies and the Oil and Gas Industry’s Focus
            have Boosted Global Carbon Sequestration Activities
       Reference Code: GDGE0628VPT                                                                                                                          Publication Date: MAY 2010




                    1          Table of contents
                    1 Table of contents................................................................................................................................... 1
                     1.1 List of Figures ................................................................................................................................. 1
                    2 Summary............................................................................................................................................... 2
                    3 Government Policies and Oil and Gas Industry’s Focus have Boosted Global Carbon Sequestration
                      Activities ................................................................................................................................................ 2
                     3.1 Rising Carbon Emissions Have Triggered the Introduction of Carbon Policies Globally................. 3
                       3.1.1      US Clean Energy and Security Act........................................................................................ 3
                       3.1.2      European Commission’s Energy and Climate Change Package ........................................... 3
                     3.2 Emission Trading Schemes Have Encouraged Investments in Carbon Capture and Storage
                          Projects........................................................................................................................................... 4
                       3.2.1      US Policy Initiatives and Regional Partnerships Drive the Implementation of Carbon
                                  Sequestration Projects .......................................................................................................... 4
                       3.2.2      European Commission’s Energy and Climate Change Package Fortifies the Global CCS
                                  Initiatives................................................................................................................................ 5
                     3.3 The Increasing Role of Oil and Gas Companies in the Development of Carbon Capture and
                          Storage Projects ............................................................................................................................. 6
                    4 Appendix ............................................................................................................................................... 7
                     4.1 Methodology ................................................................................................................................... 7
                       4.1.1      Coverage ............................................................................................................................... 7
                       4.1.2      Secondary Research ............................................................................................................. 8
                       4.1.3      Primary Research.................................................................................................................. 8
                       4.1.4      Expert Panel Validation ......................................................................................................... 8
                     4.2 Contact Us ...................................................................................................................................... 8
                     4.3 Disclaimer ....................................................................................................................................... 9



                    1.1       List of Figures
                    Figure 1:       World, Major Sequestration Projects, 2009................................................................................ 3
                    Figure 2:       World, Investments in CCS Projects by Geography, 2009......................................................... 4
                    Figur
				
DOCUMENT INFO
Description: Government Policies and the Oil and Gas Industry’s Focus have Boosted Global Carbon Sequestration Activities Summary The US government’s focus is a major factor driving the carbon capture programs in the world’s largest economy. The revised EU Emission Trading System (ETS) directive has also boosted investments in the carbon capture and storage markets. Similarly the Australian carbon pollution reduction scheme (CPRS) and the Canadian government’s federal carbon tax, low carbon fuel standard are some the moves in this direction. The industry participants have also shown significant interest in carbon capture projects in order to evade carbon taxes due to excess emissions. Many companies have already invested significantly in carbon sequestration to reduce the taxes they pay on excess emissions. Recent announcements on carbon sequestration from oil and gas companies such as Total, ExxonMobil and Canadian Natural Resources Limited (CNRL) have strengthened carbon sequestration programs. BP, Royal Dutch Shell and Statoil, Chevron, ExxonMobil, Encana and ConocoPhillips have already begun carbon sequestration projects through partnerships or partial investment support. Scope - Analyses the impact of the government policies and industry focus on the global carbon sequestration activities. - Analyses the impact of the rise in carbon emissions on global carbon policies. - Discusses the increasing role of Oil and Gas Companies in the Development of Carbon Capture and Storage Projects. Reasons to buy - Understand the possible reasons for the boost of the carbon sequestration activities globally. - Gain understanding of the impact of regulations and schemes on investment in carbon capture and storage industry.
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