Neptune says CCS can take it beyond net-zero by 2030

UK-based independent oil and gas producer says CCS capacity can exceed scope one and three emissions by end of decade

UK-based independent oil and gas producer Neptune Energy has set a new goal to “go beyond net zero” by 2030 by raising the volume of carbon it puts into carbon capture and storage (CCS) above the level of its scope one and three emissions. The firm is progressing CCS projects in the Dutch and UK sectors of the North Sea that could see it store more than 9mn t/yr of CO₂ by the end of the decade. That would exceed its projected direct scope one and scope three emissions, which are forecast to be 8.7mn t in 2030. Less than 0.5pc of Neptune’s emissions are scope two, the company says. It is working with its partners to calculate scope two emissions on an equity share basis. “Gas will continue to