Osolo — Energy firms Equinor, Shell and Total will jointly invest in a carbon capture and storage (CCS) exploitation licence for CO2 storage offshore Norway, Equinor said on Friday.
The project, called Northern Lights, is part of the country’s efforts to combat climate change.
The initial investment amounts to 6.9 billion Norwegian crowns ($675.23 million), Equinor said. ($1 = 10.2188 Norwegian crowns)
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