A Critical Conversation on Climate Change ... - Green Choices

138 development dialogue september 2006 – carbon tradingTwo types can be distinguished. The first kind is built on using land,forests, soils, water, even parts of the oceans.Some of these new dumps are literally holes in the ground. Oil companiesare eagerly championing schemes that would allow fossil fuelusers to capture their carbon dioxide, liquefy it, and park it in leakygeological formations such as old oil wells (Figure 5). 258 Other, evenleakier new carbon dumps have been proposed for ocean bottoms(Figure 6). 259Figure 5. Storing carbon dioxide in geological formations. (Source: IPCC)Figure 6. Storing carbon dioxide on ocean bottoms. (Source: IPCC)