Industry News

29 January 2008 Peak oil by 2015: Shell

International demand for oil and gas will outstrip supply within seven years, and this could have serious environmental and political consequences, according to Royal Dutch Shell chief executive Jeroen van der Veer.

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20 December 2007 Australia ratifies Kyoto Protocol

Australia has ratified the Kyoto Protocol. Prime Minister Kevin Rudd signed the instrument of ratification of the Kyoto Protocol in his first act after being sworn in. The ratification will come into force in 90 days.

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18 December 2007 Top companies unprepared for carbon cuts: study

With the Federal Government still thinking about exactly how much it wants Australia to cut its greenhouse emissions, some business groups are urging caution.

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10 April 2007 Gorgon Geosequestration: the 1000 year solution

Chevron Group claims its proposed Gorgan gas development will not only be among Australia's most efficient liquefied natural gas projects in terms of greenhouse gas emissions, but will also benchmark favourably in this regard against most LNG projects around the world.

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31 March 2007 Competitive Advantage on a Warming Planet

Whether your in a traditional smokestack or a "clean" business like investment banking, your campany will increasingly feel the effects of climate change. Even people skeptical of the dangers of global warming are recognizing that simply because so many others are concerned, the phenomenon has wide-ranging implications.

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9 January 2006 Plan to bury carbon dioxide deep down

Australia's first project to bury carbon dioxide deep underground in an effort to cut greenhouse gas emissions will start in western Victoria later this year...

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13 December 2005 Government urged to tackle climate change

Australian business will be left behind if the government doesn't smarten up its act and embrace measures to combat climate change, the Australian Greens say. Greens senator Christine Milne, who has just returned from a United Nations climate change conference in Montreal, praised the countries which agreed to begin talks to extend the Kyoto Protocol beyond 2012.

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13 December 2005 What the scientists are saying

With the warmest year on record coming to a close, scientists have warned that climate change will deliver more severe weather events such as storms and hurricanes, rising temperatures, greater water shortages in some areas and flooding in others.

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9 December 2005 Carbon storage a realistic option: study

MORE than 2 billion tonnes of carbon dioxide emissions from the Latrobe Valley could be stored in the depleted oil and gas fields of the Gippsland Basin, off the coast of south-eastern Victoria, according to new research. The study was undertaken by the Cooperative Research Centre for Greenhouse Gas Technologies (CO₂CRC). It found that geological storage, or geosequestration, was an option to safely secure the long-term economic future of the Latrobe Valley...

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19 October 2005 Coal seams safe for storing carbon dioxide says CRC

Australia's underground coal beds, depleted gas fields and saline acquifiers have the potential to store huge amounts of carbon dioxide derived from burning fossil fuels, leading Australian geologists reported following a recent meeting.

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28 September 2005 Inject greenhouse gas into the Earth: experts

Plans to bury industrial greenhouse gas emissions have been supported in an international report despite concern from conservationists.

The Intergovernment Panel on Climate Change report, written over two years by 100 experts from 32 countries found that capturing carbon dioxide and injecting it into underground saline aquifers - a process known as geosequestration - could significantly lower the cost of addressing climate change.

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1 July 2005 Can we bury global warming?

Pumping carbon dioxide underground to avoid warming the atmosphere is feasible, but only if several key challenges can be met.

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