via Dyan Finkhousen, Head of Open Innovation at General Electric
"More recently, in an attempt to lessen the environmental impact of OS production and leverage the wisdom of the crowd, GE announced an innovation prize of C$1m to find technologies that will efficiently lower emissions"
"Another avenue being explored to reduce greenhouse gas emissions is carbon capture and storage, which OS production facilities are relatively well-suited for—though storage at scale is not yet economically viable. Two important commercial-scale test cases are in the works, however. The first is Shell’s Quest Project, which Shell believes will be able to sequester more than 1m tonnes of CO2 annually—equivalent to 35% of the CO2 produced by the facility. The second is the Alberta Carbon Trunk Line, which will connect multiple facilities and store an expected 1.8m tonnes of CO2 as part of an enhanced oil recovery operation. If successful, the latter could store up to 15m tonnes of CO2 a year—impressive, yet less than one-third of the industry’s annual emissions."