Reuters: Prime minister-elect Tony Abbott has pledged to repeal the country's carbon tax to boost economic competitiveness, so it is ironic that Australia is about to host the world's most ambitious project for capturing carbon dioxide and storing it underground.
Starting in 2014/15, Chevron will begin injecting 120 million tonnes of pressurised supercritical carbon dioxide 2.5 kilometres underground as part of its giant Gorgon LNG project.
Raw gas from the Gorgon field contains about 14 per cent carbon...