Environment & Energy Report

Oil Crash Dims Glimmer of Promise in Green Carbon Push (1)

March 26, 2020, 9:53 PM

It was only in early February that Charles Roemer was talking up the prospects of his latest energy project: a natural gas plant that would capture and sell tons of carbon dioxide to oil producers when it got turned on in 2026.

The Louisiana project, part of larger proposed facility to produce liquefied natural gas, would not only be good for the environment, but “It’s also going to be very profitable,” said Roemer, chairman of a company called G2 Net-Zero LNG.

Today, those projections -- roughly $50 million in revenue annually-- need to be re-calibrated, another victim of the epic...

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