Business
Shell buys into carbon farming in WA – The Australian Financial Review
The oil and gas major has struck a deal to acquire Select Carbon, which has 70 carbon farming projects across Australia.
It represents a twin approach on carbon sequestration alongside carbon capture and storage (CCS), with Shell having a 25 per cent stake in Chevron’s Gorgon LNG project that operates one of the world’s largest CCS projects on Barrow Island off WA.
“In our view, to be able to meet a net-zero ambition we need to have multiple paths,” Mr Nunan said, pointing also to Shell’s investment in solar farm developer ESCO Pacific, its takeover of German household battery supplier Sonnen and its utility-scal…
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