Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

G8’s 2020 CO2-Capture Target ‘Achievable,’ WorleyParsons Says

The Group of Eight nations’ target to have 20 large-scale carbon capture and storage projects running by 2020 is “arguably achievable,” according to an executive at Australia’s biggest engineering company.

“Eleven projects will be operational by 2012-13, so the G8 goal is largely achievable,” Peter Brooks, executive director at Sydney-based WorleyParsons Ltd. Energy Services, said today at a conference in Abu Dhabi.

Only 85 out of 243 projects globally are large-scale, integrated projects, meaning that they capture and store more than 1 million tons of carbon dioxide a year, Brooks said. Of these, only eight are operational, and three are in the “execute stage,” he said. The remaining 74 are in various stages of development, he said.

To meet the International Energy Agency’s recommendation 100 large projects would need to be running by 2020, he said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.