INDUSTRY GROUP SEEKS CREDIT FOR OIL PROJECTS IN STATE CLIMATE PLAN

An oil and gas industry group will urge Northeast states implementing a regional climate initiative to recognize carbon dioxide (CO2) injection during enhanced oil recovery (EOR) projects as an activity that generates emissions credits toward power plant emissions reduction obligations -- an effort that industry sources say could be influenced by a parallel debate occurring at the international level. The push to recognize CO2 injection during EOR comes in the wake of a draft model rule for implementing the Northeast's...