November 15, 2010
Regarding ‘Carbon capture and storage‘:
I find the whole saga of the CCS (Carbon Capture and Storage) issue entirely distasteful.
The oil industry magnates and the coal industry giants must be laughing all the way to the bank and their shareholders must be agreeing with them that they can make a huge killing with dividends. This is another EU farce and the member states should stand back for a moment to consider this.
The facts are pretty plain:
1. Pumping catbon dioxide into oil-bearing and gas-bearing fields under the sea will help the greedy oil companies extract the last vestiges of these fuels from reserves paid for by taxpayers (and also bank-rolled by the public) who finance the EU for little net overall benefit.
2. Pumping the carbon dioxide into these underground areas will therefore result in more fossil fuels being extracted and burnt, thus creating even more greenhouse gases. The Mass Balance of these systems has already been done and it shows that for every 100 tonnes of carbon dioxide pumped into these reserves, 20 tonnes of oil (from those oil reserves) and 183 tonnes of gas (from those gas reserves) will be extracted. From these, the dissipation of carbon dioxide will be of the order of 400-500 tonnes of additional carbon dioxide, irrespective of the sulphur!
3. Then of course there is the issue that at least 50% of the available carbon dioxide pumped in to these aquifers will get to the surface in less than a year.
Think again EU – let’s not pretend that this is a good idea!