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The Guardian - AU
The Guardian - AU
Environment
Graham Readfearn

The claim of a $600bn carbon capture windfall for Australia is based on heroic assumptions and selective analysis

Australia United States Wood Mackenzie AEP Germany
Gorgon CCS project
Right now, there is only one carbon capture and storage (CCS) project actually working in Australia (the much-troubled Gorgon CCS plant, pictured). Photograph: SUPPLIED/PR IMAGE

As far as bonanzas go, a claim this week that Australia could pull in almost $600bn by storing carbon dioxide from other countries is one that puts even the Aukus nuclear submarine deal in the shade.

The oil and gas industry lobby group Australian Energy Producers made the claim, reported in the Australian, pointing to a study carried out by global energy analysts Wood Mackenzie.

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