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Holding oil and gas producers accountable

Publish date: November 2, 2023

Call to support Article 18 of the Net-Zero Industry Act introducing a mandatory, individual contribution of oil and gas producers to the Union-wide target for available CO2 injection capacity

On October 30, 2023, alongside several NGOs, we sent a letter to the Deputy Permanent Representatives of EU Member States and the officials responsible for the Net-Zero Industry Act. It urged support for Article 18 within the Net-Zero Industry Act, which proposes a mandatory, individual contribution from oil and gas producers to the Union-wide CO2 injection capacity target, based on their production share. The letter stressed the importance of holding the oil and gas sector accountable for their emissions and emphasised the significance of Extended Producer Responsibility principles. It recognised that the market has failed to provide CO2 injection capacity in the EU and supported the idea of requiring contributions from oil and gas producers to relieve pressure on public finances. The organisations urged EU Member States to ensure industry compliance and introduce penalties for non-compliance. The letter also criticised the oil and gas sector for hindering progress in carbon capture and storage, expressing concern about attempts to weaken or delete Article 18. It called for the EU to make the sector pay for their contribution to addressing emissions and ensuring CO2 injection capacity.

Read the letter here: CSO open letter on O&G contribution Net Zero Industry Act

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6th meeting of the Carbon Removal Expert Group summary and feedback 

The Carbon Removal Certification Framework (CRCF) has been formally approved by the Council on the 19th of November 2024 and entered into force on the 9th of December 2024, providing an official mandate for the Commission to develop methodologies on carbon farming and carbon removals. However, the technical documents and specifications are still being drafted and revised for input from the Carbon Removals Expert Group (CREG), of which Bellona is a member. 

Photo: Christening of Northern Lights’ first CO₂ carrier in Stavanger in 2025, by Olav Øye

A great leap towards a scaled European market for CCS: Northern Lights expands storage capacity, will store CO₂ from Stockholm  

Europe’s only multi-source, injection-ready CO₂ storage site will more than triple its capacity by 2028. The decision follows an agreement with Stockholm Exergi to transport and store up to 800 – 900 kilotonnes of CO₂ per year. “This decision is years in the making, and the culmination of decades of hard work from many, Bellona included” says Bellona Europa Director Jonas Helseth.

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