Chevron's Gorgon CCS project has delivered a significant cut in the company's greenhouse gas emissions, despite technical difficulties, while fellow LNG company Inpex has become a top-10 emitter.
As well as giving shareholders an annual vote on its energy transition progress, Shell will allocate US$100 million annually to nature-based carbon offsets, and has set an ambitious CCS target.
Santos doesn't intend linking its Moomba carbon capture and storage proposal to oil recovery, and says the project won't run into the problems encountered by Chevron at its Gorgon site.
The global GDP costs of reaching net-zero by 2050 would be trivial, but emissions reduction technologies will be particularly expensive for three sectors, says a new report from a coalition of energy producers and users.
By the end of this year, Santos will complete a study on producing hydrogen from Cooper Basin natural gas, and make a final investment decision on carbon capture and storage at its Moomba gas plant.
In a new climate action plan, the Minerals Council undertakes to convene an expert panel to advise it on decarbonisation, and says it will consider "aspirational take-up rates" for low-emissions and abatement technologies.
Shareholder climate resolutions fell just short of majority support at today's Santos AGM, and chairman Keith Spence stressed that the company's CCS investments will be unaffected by its COVID scale-back.