01 April, 2018

Mining firm in talks with government over Clean Energy Finance Corporation oil field funding proposal.

Resources Minister Matt Canavan said carbon
capture and storage can cut emissions and
 retain access to coal-fired power.
The company behind an Australian-first plan to use pollution from power stations to extract oil says taxpayers should help fund the project, despite criticism that it uses an unproven and expensive technology.

The Turnbull government has been in talks with the proponent over the venture, and believes such technologies can lower carbon emissions while keeping coal-fired power stations running.


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