The introduction of CO2 emission taxes for petroleum-related activities on the continental shelf was a driver for oil and gas companies to engage in CCS. Norway first introduced a tax on carbon pollution in 1991. Facilities that burn fossil fuels are subject to a carbon tax in the range of $16 to $63 per ton of CO2 emissions.
EXPERIENCE:
Statoil credits the carbon tax for stimulating investments in CCS at the Sleipner and Snohvit sites.
