They would likely prefer to be able to generate
revenue from that oil field once ISIS is gone
Not exact matches
The drilling comes after President Rafael Correa abandoned an innovative proposal to keep the
oil from the three ITT
fields permanently in the ground in exchange for international contributions totaling half its projected forgone
revenue.
The investment required would not just be in
oil fields themselves but also in power plants, pipelines and other industries that capture CO2
from their industrial processes., The economic benefits will also flow to the state and federal governments with an estimated 1.4 trillion in new government
revenues.
Without carbon prices, DAC systems are likely to find the largest
revenue opportunities by providing CO2 for manufacturing fuels, or for use in enhanced
oil recovery (as many
oil fields are located far
from CO2 pipelines, making them ideal candidates for flexibly - sited DAC systems).