Norway To Establish State-Owned Carbon Capture Company - Reuters

[hatrack]

OSLO - Norway said on Friday that it would establish a state-owned company to manage the government's interests in carbon dioxide (CO2) capture and storage projects, like one planned for the Mongstad refinery on the west coast.

The plan for the state CO2 company is part of the government's proposal to parliament on cooperation in the carbon capture and storage (CCS) project planned for state-controlled oil and gas group Statoil's Mongstad refinery. "This company will be responsible for the government's CCS projects, first of all Mongstad but also other projects where the Norwegian state is involved," Oil and Energy Minister Odd Roger Enoksen told Reuters.

For now, that also means involvement in a planned CCS project at a gas-fired power plant to be built at the Kaarstoe gas-processing plant north of Stavanger, he said.

"There will be a minor staff taking care of the state's interest in Mongstad phase 1 and also at Kaarstoe," Enoksen said. "This will not be a big company, at least not in the beginning."

EDIT

http://www.planetark.org/dailynewsstory.cfm/newsid/40664/story.htm

[BayCityProgressive]

1. EVIL COMMIE SOCIALIST BASTARDS!!!!!!!!!!

RUN FOR THE HILLS NORWAY HAS STATE-OWNED ENTERPRISES! THEY ARE IN LEAGUE WITH KIM JONG IL AND CHAVEZ TO DESTROY US ALL!!!!!!:sarcasm:

[NNadir]

2. Of course they could just stop selling oil and natural gas...

...ha! ha! ha!

What was I thinking?!!?

:rofl: :rofl: :rofl: