Forbes: Statoil, the oil and gas giant based in Oslo, Norway, said on Monday that it would suspend an ambitious effort to capture and store carbon dioxide in underground geologic formations near its Mongstad refinery.
The Norweigan government ultimately decided to pull the plug on the project, which began in 2006, as a result of rising costs.
The government has . . . concluded, after careful consideration, that the risk connected to the Mongstad facility is too high and has for that reason decided...