• Addressing Long-Term Stewardship of Carbon Storage
  • March 9, 2010 | Author: Frederick R. Eames
  • Law Firm: Hunton & Williams LLP - Washington Office
  • Carbon capture and storage (CCS) technology is crucial to greenhouse gas emission curbs. All expectations are that carbon sequestration can be conducted safely. The world has safely contained naturally occurring gases for millions of years without the added benefit of engineered safety measures. Nonetheless, research shows that addressing long-term stewardship responsibilities will be an important prerequisite in the financing — particularly equity financing — of CCS projects. Recent actions by Congress demonstrate a willingness on the part of the federal government to develop policy solutions addressing long-term stewardship.