EnergyWatch

Three oil giants want to save climate with hole in North Sea

Equinor, Total and Shell want to jointly investigate whether it's possible to capture CO2 from the atmosphere and store it in a hole in the underground.

Photo: Statoil/AP/Ritzau Scanpix

If the oil industry can come up with viable solutions for how to capture carbon dioxide from the atmosphere and hide it away, it will have a trump card on its hand at a time when many criticize its players for being climate villains.

And normally when Equinor drills in the underground, the company fears drilling dry. However, in a new project, the exact purpose of the drillings made by the Norwegian company in conjunction with two other oil giants, Shell and Total, is to avoid striking oil and gas.

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