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The EU Council has backed a proposal to require oil and gas companies active in the EU to develop facilities for the permanent storage of carbon dioxide, with a capacity to absorb at least 50 million tonnes of the greenhouse gas every year from 2030 – more than doubling what is currently available worldwide. Proposed in March as a European answer to a mammoth US subsidy scheme for green energy technology, the Net Zero Industry Act (NZIA) includes CCS in a list of strategic technologies where the aim is for domestic production to cover at least 40% of demand by 2030. But, in additional to promi…