US CCS Market Navigates Through Challenging Headwinds

Key insights in this Market View include:

• The US leads carbon capture and storage (CCS) development activity globally, although the shale gas boom and lack of CO2 policy framework is slowing CCS deployment.
• US$4.5 billion in direct CCS funding over the last three years has sustained a modest level of CCS development activity, with eight projects currently advancing with upfront Front-End Engineering Design (FEED) initiatives that will be complete by 2012.
• The complexity of creating a comprehensive CCS regulatory framework at the federal level will require US states to lead the way, creating a fragmented development environment for the next decade at least.