Chevron Australia will invest a total of USD26mn (AUD38mn) to contribute to carbon capture and storage (CCS) research in Western Australia and Victoria. The investment of the US-based energy giant seeks to advance knowledge in CCS technology to promote a lower carbon future. The commitment comes as the Australian Petroleum Production & Exploration Association (APPEA) is calling on the Federal Government to consider more funding in new gas supply and emissions reduction measures in the 2023-24 Federal Budget. The group also calls for setting up a national carbon capture and storage roadmap.

Source: carboncredits