1 big thing: Industry players unite to build trust in carbon storage
/👀 First look: A half-dozen companies are unveiling a joint initiative this morning to help verify that carbon capture and sequestration (CCS) projects work as intended, Ben writes.
Driving the news: Environmental data and software firm Project Canary, Denbury Resources — which uses CO2 injections to boost oil recovery — and other partners announced joint work to support "third-party independent environmental assessments and data measurement."
Why it matters: Carefully tracking the performance of capture, transport and sequestration projects will get far more important if the tech reaches the scale needed to be a strong weapon against climate change.
How it works: Members of the new "collective" plan to harmonize existing frameworks and requirements into a measurement, verification and reporting system that's applicable to various industries.