Oil companies have received licences to store carbon under the North Sea. They will use technology to capture and store carbon emissions. This is a step towards achieving carbon neutrality.
The process is referred to as carbon capture and storage (CCS). CCS has become vital to reduce global warming.
Some environmentalists criticize this move. They claim reliance on CCS diverts focus from renewable energy sources.
Ultimately, oil companies utilizing CCS gives them a crucial role in meeting climate change goals.
Read source article here:
https://news.slashdot.org/story/23/09/15/1543231/oil-companies-granted-licences-to-store-carbon-under-the-north-sea
