Oil Firms Question Carbon Sequestration
Some people in the oil industry are miffed that the Wyoming Legislature allocated $45 million in federal Abandon Mine Lands funds for a carbon sequestration project.
By Dustin Bleizeffer
From their view, it doesn’t make sense to inject carbon dioxide — a greenhouse gas — for permanent geologic storage when the oil industry is desperate for CO2 supplies to flush more oil from existing fields.
Although state officials delight at the prospect of more oil production and the revenues it would bring, they’re also worried about the future of Wyoming’s coal industry under climate change regulation, which will is likely to limit CO2 emissions from coal.
Rob Hurless, energy policy adviser to Gov. Dave Freudenthal, said the state has a major interest in proving geologic carbon sequestration — even if that means using up some CO2 that the oil industry would rather put to use.
“We think we have credible places to store carbon, so coal has a commercial market down the road. Yeah, it happens to require (commercial volumes of CO2), so we got to figure that out,” Hurless said. Hurless spoke at the fourth annual Wyoming CO2 Conference in Casper on Wednesday.
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