Friday, January 2, 2026
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Earthquakes and blowouts undermine case for carbon storage in Texas By Reuters

by Reuters
December 14, 2024
in Stock Market
Reading Time: 4 mins read
A A
0
Home Stock Market
Share on FacebookShare on Twitter


By Valerie Volcovici and Leah Douglas

(Reuters) – Texas has seen surging curiosity from firms hoping to bury carbon dioxide in its oilfields, placing the state on the vanguard of a government-subsidized program to battle local weather change.

However pumping CO2 into the bottom might exacerbate earthquakes and effectively blowouts already taking place within the Permian Basin as Texas struggles to handle wastewater disposal, doubtlessly undermining public assist.

“With out legit oversight of underground injection in Texas, we count on extra geyser-like effectively blowouts, sinkholes, leaks from plugged and unplugged wells, and injection-induced earthquakes,” mentioned Virginia Palacios, government director of Fee Shift, a Texas watchdog group pushing for harder oversight of the oil and gasoline trade.

Such penalties have hardly ever occurred on account of CO2 injection over the a long time the know-how has been deployed. The unprecedented huge quantity of carbon now proposed for burial, nonetheless, worries activists and researchers.

Carbon sequestration is important to U.S. authorities objectives to scale back emissions that trigger world warming. The Biden administration’s 2022 Inflation Discount Act, landmark climate-change laws, contains billions of {dollars} value of subsidies for CCS initiatives.

Whereas President-elect Donald Trump has vowed to intestine the IRA, vitality consultants say CCS subsidies will probably survive on account of bipartisan assist. 

Trump’s transition staff didn’t present remark. 

A number of firms, together with Occidental Petroleum (NYSE:), plan to reap the benefits of IRA subsidies. The initiatives are concentrated in Texas, the place CCS proponents argue underground geology is right for storing liquid and gaseous waste.

PERMIT APPLICATIONS JUMP

During the last 12 months, the variety of functions filed with the Environmental Safety Company for carbon injection permits in Texas has jumped by 63% to 43, in line with the company, making it a nationwide chief. 

However Texas is dogged by issues linked to disposal of drilling wastewater underground. The Texas Railroad Fee (RRC) regulator has grappled with leaks and blowouts from orphan wells, in addition to earthquakes, triggered by increased strain underground from water injection.

Reuters spoke with a dozen Texas landowners and researchers who mentioned proposed CO2 initiatives want extra oversight than the state can provide to avert environmental and security dangers. 

The RRC is searching for authority from the EPA to supervise its personal allowing program for carbon sequestration to hurry up approvals. The EPA, which can be reviewing Texas’ dealing with of wastewater allowing following the blowouts, mentioned the request was being thought-about.

The RRC mentioned in an announcement it’s able to successfully regulating CO2 injection wells, including it has employed extra workers.

Trump’s victory will increase the probabilities Texas will get this authority, consultants say. North Dakota was the primary state to obtain oversight authority throughout Trump’s first time period and its governor, Doug Burgum, is Trump’s decide for inside secretary, which incorporates duty for drilling permits on federal land.

Burgum didn’t reply to requests for remark.

REASON FOR CONCERN

One of many largest Texas initiatives is the Stratos direct air seize three way partnership in Ector County between Occidental and asset supervisor BlackRock (NYSE:). It’s anticipated to inject 8.5 million metric tons of CO2 beginning subsequent 12 months. 

The county has quite a few deserted wells susceptible to erupting if underground strain rises and CO2 eats away at cement plugs, mentioned oil and gasoline legal professional Sarah Stogner, who represents landowners which have had blowouts.

There have been 19,700 wells drilled within the county since 1993, in line with information from state companies. Nineteen are orphan wells, with no firm legally answerable for guaranteeing they continue to be plugged, together with three near the Stratos website.

Raymond (NS:) Straub, a hydrogeologist who owns a Texas groundwater companies agency, testified at an October EPA listening to that he was involved Occidental didn’t commit sufficient consideration to the unplugged or badly plugged orphan wells within the mission space.

Occidental spokesperson William Fitzgerald mentioned the corporate had finished in depth website surveys to make sure it will be secure.

“This survey confirmed the placement of three wells, which Occidental will tackle previous to starting CO2 injection,” he mentioned. “There’s greater than 3,000 ft of confining rock layers above the sequestration zone to securely include the CO2.”

A pilot mission by agribusiness ADM in Illinois, the primary of its type meant to reveal the technical feasibility of business carbon injection, has suffered leaks and different setbacks, underscoring worries.

ADM spokesperson Jackie Anderson mentioned the leaks have introduced no danger to floor or groundwater or to public well being, and that the corporate is assured in CCS know-how.

Dominic DiGiulio, an unbiased vitality analyst and former EPA official who has studied CCS, mentioned, nonetheless, that CO2 can corrode the cement casings of plugged wells.

“These deserted wells will the truth is leak,” he mentioned.

A 2023 paper by Chinese language researchers, printed in Earth-Science Opinions, mentioned CO2 injection might additionally enhance the chance of earthquakes.

The researchers didn’t reply to requests for remark. 

Massive leaks might acidify groundwater, and suffocate folks and animals if it displaces oxygen above floor, in line with nonprofit Pipeline Security Belief.

“That is alleged to be everlasting storage,” mentioned Carolyn Raffensperger, government director of the Science and Environmental Well being Community. “If it might probably’t even include it for 10 years, why do we expect it might probably include it perpetually?” she added, referring to ADM’s mission. (This story has been corrected to take away the phrase ‘yearly’ from paragraph 16 and so as to add a quote from Fitzgerald in paragraph 21)





Source link

Tags: blowoutscarbonCaseEarthquakesReutersstorageTexasundermine
Previous Post

Lifestyle Choices Are Sabotaging Male Fertility

Next Post

OpenAI counters Musk’s lawsuit by highlighting his past profit advocacy

Related Posts

I Bella Perfect’s IPO Shows Slow Growth, High Valuation (Pending:IBL)

I Bella Perfect’s IPO Shows Slow Growth, High Valuation (Pending:IBL)

by Donovan Jones
January 2, 2026
0

This text was written byComply withDonovan Jones is an IPO analysis specialist with 15 years of expertise figuring out alternatives...

Harbor International Equity ETF Q3 2025 Commentary (EPIN)

Harbor International Equity ETF Q3 2025 Commentary (EPIN)

by Harbor Capital Advisors
January 2, 2026
0

Harbor Capital is an asset supervisor targeted on curating an deliberately choose suite of energetic ETFs that they consider have...

MP Materials’ Bottom May Have Materialized – FQ4’25 Tailwinds Trigger Upgraded Buy Rating (NYSE:MP)

MP Materials’ Bottom May Have Materialized – FQ4’25 Tailwinds Trigger Upgraded Buy Rating (NYSE:MP)

by Juxtaposed Ideas
December 31, 2025
0

This text was written byComply withI'm a full-time analyst interested by a variety of shares. With my distinctive insights and...

Resources Connection: A Business Under AI Pressure (Ratings Downgrade) (NASDAQ:RGP)

Resources Connection: A Business Under AI Pressure (Ratings Downgrade) (NASDAQ:RGP)

by Grassroots Trading
December 30, 2025
0

This text was written byObserveI deal with producing goal, data-driven analysis, largely about small- to mid-cap firms, as these are...

CLM: Understanding Its Distributions, NAV Erosion, And Investor Outcomes (NYSE:CLM)

CLM: Understanding Its Distributions, NAV Erosion, And Investor Outcomes (NYSE:CLM)

by SiliconBytes Insights
December 30, 2025
0

This text was written byComply withI've a B.Tech diploma in Mechanical Engineering from a prime college in India. For almost...

Silver futures log worst day since 2021, retreating sharply from record

Silver futures log worst day since 2021, retreating sharply from record

by Index Investing News
December 30, 2025
0

A number of one kilogram silver bars at Conclude Zrt bullion supplier organized in Budapest, Hungary, on Monday, Feb. 17,...

Next Post
OpenAI counters Musk’s lawsuit by highlighting his past profit advocacy

OpenAI counters Musk's lawsuit by highlighting his past profit advocacy

Afghan Women Vow To Resist Taliban Oppression Until Freedom Is Achieved — Global Issues

Afghan Women Vow To Resist Taliban Oppression Until Freedom Is Achieved — Global Issues

I Bella Perfect’s IPO Shows Slow Growth, High Valuation (Pending:IBL)

I Bella Perfect’s IPO Shows Slow Growth, High Valuation (Pending:IBL)

January 2, 2026
Brit-educated teen and her father among missing after New Year’s Eve horror inferno at Swiss bar killed at least 40

Brit-educated teen and her father among missing after New Year’s Eve horror inferno at Swiss bar killed at least 40

January 2, 2026
Pebble brings its round-faced smartwatch back from the dead

Pebble brings its round-faced smartwatch back from the dead

January 2, 2026
The CIA Is Manipulating Trump Against Putin

The CIA Is Manipulating Trump Against Putin

January 2, 2026
Berkshire has the best odds of lasting a century

Berkshire has the best odds of lasting a century

January 2, 2026
Brain organoids are helping researchers, but raise ethical questions : Shots

Brain organoids are helping researchers, but raise ethical questions : Shots

January 2, 2026
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

I Bella Perfect’s IPO Shows Slow Growth, High Valuation (Pending:IBL)

Brit-educated teen and her father among missing after New Year’s Eve horror inferno at Swiss bar killed at least 40

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In