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EU: 44 Oil and Gas Firms Asked to Provide CO2 Storage Solutions

May 23, 2025

The European Commission said on Thursday it had asked 44 oil and gas companies to contribute to the EU's collective target of storing at least 50 million tonnes of CO2 per year by 2030, as part of the bloc's aim to achieve climate neutrality.The companies are required to participate to the EU target in proportion to their share of the Union's crude oil and natural gas production from 2020 and 2023…

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