Oil & gas industry accounts for 40 percent of all greenhouse gas mitigation investment since 2000, API study finds

Biofuels Digest
June 16, 2009 Jim Lane

In Texas, a study by the University of Texas at Austin’s Center for Energy Economics and T2 & Associates for the American Petroleum Institute found that the US government and all US industries invested $132.9 billion in technologies to reduce greenhouse gas emissions between 2000 and 2008.

The oil & gas industry accounted for $58.4 billion, $55.3 billion by all other industries, and $19.2 billion by the federal government. Investments included combined heat and power (cogeneration), carbon capture and storage, and advanced vehicles.

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