In an open letter addressed to the Member States and the Members of the European Parliament, some twenty European industrialists called for the safeguarding of a specific article in the text of the Net-Zero Industry Act (NZIA): the obligation for designated stakeholders to set up CO2 storage capacity.
The letter targets oil and gas producers in particular: “It is crucial that harder-to-abate industrial sectors are offered feasible pathways for decarbonisation, including through Carbon...