Carbon capture and storage ‘an opportunity for Australia’

Santos CEO Kevin Gallagher says there's been "a real lack of bipartisan support for energy policy" but has welcomed the federal government's response to a recent report into its $2 billion Climate Solutions Fund. An extensive review found the $2 billion fund was not providing the best incentives for carbon abatement projects while the government accepted 21 out of 26 recommendations, including enabling subsidies for carbon capture and storage. The fund was expanded to finance emissions reduction across a range of high-carbon sectors, including manufacturing, transport and agriculture. "We welcome the report and in particular the government's response to the report," Mr Gallagher told Sky News. "It focuses on incentivising investment in technologies that will result in actual, physical reduction of Co2 emissions across a number of different industries. "So, from that point of view we welcome it ... at this point in time we're very positive on the report." We see carbon capture and storage as an opportunity for Australia". Via news.com.au — Australia’s #1 news site https://www.news.com.au