Insights > Analysis > ANALYSIS: On the hook – the EU wants Big Oil to pay towards the great carbon clean-up

ANALYSIS: On the hook – the EU wants Big Oil to pay towards the great carbon clean-up

Published 18:44 on April 28, 2023 / Last updated at 23:45 on April 28, 2023 / / CO2 Management (CCUS), EMEA (Compliance Markets & Taxes, Europe), Insights (Analysis)

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European oil and gas producers are set to face an obligation to help store CO2 at an annual rate of 50 million tonnes by 2030, as set out in the recently-proposed Net Zero Industry Act (NZIA).
European oil and gas producers are set to face an obligation to help store CO2 at an annual rate of 50 million tonnes by 2030, as set out in the recently-proposed Net Zero Industry Act (NZIA).


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