Inpex, TotalEnergies and Woodside will spend $165 million investigating a carbon storage site offshore from the Northern Territory, while Chevron and Santos will jointly assess CCS opportunities elsewhere.
New strategies are needed to reward chemical plants and cement works for reducing their emissions, because the ERF facilities method has proven ineffective, according to a review of the method.
The Morrison government says a new Bill allowing it to regulate a CO2 injection site that is partly in Victorian waters will help to develop Australia's hydrogen industry.
The federal government today introduced a bill that would give the agency supervising the offshore oil and gas industry substantial new powers to regulate greenhouse gas storage activities.
Resources company New Hope Group has told a Senate inquiry the Clean Energy Finance Corporation should help finance a Queensland project that would capture up to one million tonnes of CO2 a year and boost oil production.