Carbon capture: Is It Commercially Viable?

Off the southwestern coast of Norway, in the North Sea, sits the mammoth Sleipner platform. Owned by Norway's Statoil ADR (NYSE: STO), it sucks natural gas from dozens of underwater wells, sending it through pipelines all across Europe.Out of that network, one pipe stands out from the others by carrying carbon dioxide, a natural gas byproduct linked heavily to global warming. That pipe connects to a reservoir made of sandstone nearly a mile under the ocean floor, where the CO2 is deposited to theoretically remain for thousands of years.Since 1996, Statoil has disposed of almost 13 million tons of CO2 in this manner. And so far, the container shows no signs of leakage.See the rest here.