California is drilling for negative-carbon oil

“The State of California is developing a protocol to credit fossil-fuel drilling operations when they use CO2 to enhance oil recovery and leave the CO2 underground permanently.

It’s being explored specifically by the California Air Resources Board, which administers the state’s carbon cap and trade program. Enhanced oil recovery is not presently recognized as a carbon offset by California’s carbon market, but the board is working on a regulation that would grant it offset status.”

Click here to read more from Forbes.

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