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Commodities Briefing - Categorized | Environmental Trading more

A carbon commodity

Posted on 29 April 2014

At first glance, using a greenhouse gas to produce more fossil fuel appears to offer a futile and counterproductive solution to today’s climate-change crisis. But that is exactly what the Department of Energy, the oil industry, and some environmental groups are advocating.
They are touting enhanced oil recovery (EOR) as a pathway to reduce atmospheric CO2 emissions. EOR is a method used by the oil industry to produce more oil by injecting highly pressurized supercritical CO2 into partially depleted oil fields to recover oil left behind from previous drilling operations………………………………………..Full Article: Source


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