The Dutch Competition Authority decides that two energy companies may collaborate in the storage of C02 in empty north sea gas fields (Shell / TotalEnergies)

ACM: Shell and TotalEnergies can collaborate in the storage of CO2 in empty North Sea gas fields* Following an assessment of their plans, the Netherlands Authority for Consumers and Markets (ACM) has decided to allow competitors Shell and TotalEnergies to collaborate in the storage of CO2 in empty natural-gas fields in the North Sea. By transporting CO2 through pipes and storing it in old gas fields, this greenhouse gas will not be released into the atmosphere. This initiative thus helps realize the climate objectives. As cooperation is necessary for getting this initiative off the ground and for realizing the climate benefits, the slight restriction of competition between Shell and TotalEnergies is not that harmful. The benefits for