Is This Oil Company Pioneering a Carbon Sequestration Movement?
Reducing our CO2 emissions by using carbon sequestration is an idea that has been floating around for some time. The reason it has not yet caught on is because most companies didn't have a financial incentive to do it. This situation looks like it could be changing. In order to employ its CO2-enhanced oil recovery methods, Denbury Resources requires a lot of the greenhouse gas. With its underground CO2 sources starting to dwindle, the company has gotten creative with factory emissions.
If Denbury can make this idea work, it could be a big step forward in making carbon sequestration possible. In this video, Fool.com contributor Tyler Crowe looks at how Denbury is making it work and what kind of environmental impact this could have.
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The article Is This Oil Company Pioneering a Carbon Sequestration Movement? originally appeared on Fool.com.Motley Fool contributor Tyler Crowe has no position in any stocks mentioned. The Motley Fool owns shares of Denbury Resources. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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