Sabrina Valle, Liz Hampton

(Reuters). – The Top U.S. Oil Companies Chevron According to spokespeople, Schlumberger (NYSE 🙂 and (NYSE 🙂 pulled an application for carbon dioxide emission capture and storage deep underground in central California. This was after U.S. regulators had questioned the project.

Energy companies have been demonstrating their commitment to reducing emissions and fighting climate change by burying industrial gasses. They were one of several permits filed at the U.S. Environmental Protection Agency. The agency requested that their application be withdrawn.

The EPA stated that the application was substantially incomplete in a March 25 correspondence. It cited changes made to the application as well as the inability to provide financial guarantees.

These companies formed a joint venture to create “carbon positive power” and revive an abandoned biomass-fueled energy plant in Mendota. This project would have an underground carbon sequestration location and remove approximately 300,000.00 tons of carbon dioxide per year.

“The EPA did the right thing by hitting the brakes on the Mendota carbon capture project,” said Victoria Bogdan Tejeda, an attorney for the Center for Biological Diversity. “Carbon capture can be dangerous, costly, and inconsistent with environmental justice.

Chevron and Schlumberger stated that they voted to withhold the permit application and would continue the “collection and evaluation of project information.”

According to spokespeople, “The team continues to be committed in developing lower carbon solutions” and doing so in an eco- and socially responsible fashion.

Chevron also announced Wednesday that it would be launching a carbon capture and storage project at the San Joaquin Valley to reduce California’s emissions.