SLB: CCS Is Necessary for Net Zero

SLB: CCS Is Necessary for Net Zero

June 17, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--There is no way to achieve a net-zero global economy without modernized infrastructure for carbon sequestration, the president of SLB's (NYSE:SLB) (Houston, Texas) clean energy arm said.

SLB, formerly Schlumberger, announced plans in March spend about $380 million to acquire an 80% stake in Norway's Aker Carbon Capture (Lysaker). Olivier Le Peuch, SLB's chief executive officer, said at the time that carbon capture needs more investments to make a real impact on climate change, to the tune of 200 times the current level.

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