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Environment & Climate

Australia designates offshore seabed site for Inpex carbon dioxide storage

Associated Press reports that Australia has designated a northern seabed site for Inpex's planned carbon dioxide storage, pending environmental assessments and licenses.

The short version

  • Australia has designated a seabed storage site near its northern coast where Inpex plans to store carbon pollution.[Associated Press]
  • Inpex says the site can permanently store up to 443 million metric tons of CO2 over 35 years.[Associated Press]
  • Resources Minister Madeleine King called the designation an important step, while environmental groups are concerned about ecosystem harm.[Associated Press]
  • Inpex must complete environmental impact assessments and obtain other government licenses before a final investment decision and CO2 injection.[Associated Press]

Key facts

  • Australia has designated a seabed storage site near its northern coast where Inpex plans to store carbon pollution.[Associated Press]
  • Inpex, a Japanese energy company, would lead the carbon storage project at the designated site.[Associated Press]
  • According to Inpex, the approved site can permanently store up to 443 million metric tons (488 million tons) of carbon dioxide over 35 years.[Associated Press]
  • Australian Resources Minister Madeleine King said the designation was an important step and demonstrated government support for technologies that help reduce emissions.[Associated Press]
  • Inpex is conducting environmental impact assessments and must obtain other government licenses before a final decision is made and CO2 injection starts.[Associated Press]

What remains uncertain

  • The timing of a final investment decision and CO2 injection is unknown because environmental assessments and other government licenses are still pending.[Associated Press]
  • Environmental groups say the project could harm marine, coastal and terrestrial ecosystems and prolong the use of heavily polluting fossil fuels; these concerns are reported and not yet tested by the pending assessments.[Associated Press]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.