Potential $4.3 Billion to be Generated for Scotland from Carbon Capture for Oil

The use of carbon dioxide to increase oil extraction could potentially generate as much as 2.7 billion pounds ($4.3 billion) for Scotland’s economy provided policies to support the technology are in place, a report showed.

As quoted in market news:

With more than half of the value of the North Sea’s oil and gas reserves yet to be extracted — up to 24 billion recoverable barrels with a potential wholesale value of 1.5 trillion pounds — oil and gas will remain an enormous economic resource for decades.

Click here to read full Bloomberg article.