![]() Moreover, despite the impressive performance, EQNR stock trades at just one time forward sales. Year-to-date cash flows are at an incredible $16.4 billion. Its operating performance metrics are firmly in the green, with double-digit growth across its top and bottom line in the past year. The oil and gas giant has consistently built its assets in the past decade and brought new ones online. It generated 304 GWh of wind energy worth over $100 million in annual electricity rates during the third quarter. Moreover, it has been quickly developing its renewables portfolio. It has stakes in over 30 CCS projects, including the Norwegian government’s Northern Lights project, which boasts a storage capacity of 1.5 million tons of carbon dioxide per year. Norwegian oil giant Equinor is one of the oldest CCS specialists globally. Illustrative editorial of EQUINOR (EQNR) website homepage, with EQUINOR logo visible on display screen. Having said that, let’s look at some of the most promising carbon capture stocks in the market.Ĭarbon Capture Stocks To Buy: Aker Carbon Capture ASA (AKCCF) Moreover, the top two economies in China and the U.S. The market is expected to grow from $2 billion to a whopping $7 billion by 2028, representing 19.5% growth. InvestorPlace - Stock Market News, Stock Advice & Trading Tipsħ Utility Stocks to Buy Despite the Heating Crisis Typically, the carbon is captured from large point sources, including fuel combustion, chemical plants, and other industries. With multiple world governments looking to produce 100% carbon-free electricity, carbon capture stocks can prove to be highly lucrative investments down the road.ĬCS involves capturing carbon dioxide from various processes and using it as a resource or storing it deep underground. Carbon capture stocks are incredibly pertinent considering how coal-fired power stations continue to play a major role in the energy sector. Carbon capture and storage (CCS) is one of the technologies which could remove carbon dioxide emissions immediately from the atmosphere.
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