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Wed July 26, 2006
Carbon Could be Cash for Wyo
Casper, WY – Can Wyoming turn carbon dioxide into cash?
That was the question before the Wyoming Pipeline Authority at its meeting yesterday (Tuesday) in Casper.
Bob Cawood of Kinder Morgan sees the potential. He says Wyoming could profit in two ways -- by using carbon sequestration methods to store the greenhouse gas deep underground, and by trading carbon credits on the Chicago Climate Exchange.
Carbon sequestration already is in use in oil fields in Wyoming and Colorado.
By pumping C-O-2 into the ground, drillers can push the oil closer to the surface, breathing new life into old oil wells.
Grant Stumbough of the Wyoming Department of Agriculture says farmers, too, can benefit from the carbon dioxide economy. He says carbon credits and sequestration could eventually bring an additional eight-(M)-million dollars per year to the Wyoming agriculture industry.