Carbon Capture, Utilization, and Storage is a key technology for reducing greenhouse gas emissions. Recent changes to the tax code (45Q) provide a tax credit to power plants and industrial facilities that capture and store CO2 that would otherwise be emitted into the atmosphere. The Stanford Center for Carbon Storage uses a multidisciplinary approach to address critical questions related to flow physics, monitoring, geochemistry, and simulation of the transport and fate of CO2 stored in partially- to fully-depleted oil fields, saline aquifers, and other unconventional reservoirs.
"Expanding Carbon Capture and Storage technology to a Gt-CO2 per year scale will require significantly more research to provide assurances that selected sites will be able to secure CO2 safely and effectively.“ - Sally Benson
Dr. Mark Zoback Professor of Geophysics and Director of the Stanford Natural Gas Initiative, Stanford University speaks at the OU Price College of Business annual Energy Symposium.
A new analysis looks at what it would take for oil companies to start pumping millions of tons of carbon dioxide into their wells to boost crude production – and what it would mean for the climate.