Shell, TotalEnergies, Equinor Complete Carbon Storage Project: Exec Says Joint Venture Plays 'Vital' Environmental Role

Shell PLC (NYSE:SHEL), TotalEnergies SE (NYSE:TTE) and, Equinor ASA (NYSE:EQNR) shares are trading lower Thursday after the companies announced the completion of a joint-CO2 shipment project. The project, dubbed the the Northern Lights Joint Venture in Norway, includes a terminal to receive CO2 shipments, a 100 km subsea pipeline to transport the CO2 to an offshore storage site. It also includes subsea injection systems designed to safely and permanently store CO2 in a reservoir 2,600 meters below the seabed. Northern Lights is ...