Storing Greenhouse Gas.

The United States took another step towards a major goal of its environmental policy – reducing the amount of carbon dioxide, a major greenhouse gas, in the atmosphere. U.S. Energy Secretary Steven Chu announced the selection of 15 projects to develop technologies to safely and economically store carbon dioxide in geologic formations.

Drillsearch Energy Ltd and Innamincka Petroleum Ltd have agreed to a “friendly merger” through a scheme of arrangement. The merged group would have market capitalisation of in excess of $150 million and create the Cooper Basin’s “leading mid-tier oil and gas company”, the two companies said in a joint statement on Wednesday.

Jude    Maritime News, News     carbon dioxide, Cooper Basin, court approval, Drillsearch Energy, environmental policy, friendly merger, geologic formations, greenhouse gas, Innamincka Petroleum, Innamincka shareholders, major goal, market capitalization, Steven Chu, United States

If you enjoyed this article please consider sharing it!