Coalition approves plan to award carbon credits to CCS fossil fuel projects

Decision follows lobbying by oil and gas company Santos, who have said they would not start a CCS project without access to carbon credit revenue

The Morrison government has increased support for controversial fossil fuel projects that promise to capture and store carbon dioxide emissions by approving a plan to award them carbon credits.

It followed the oil and gas company Santos saying a proposed carbon capture and storage (CCS) project at its Moomba gas well in South Australia hinged on whether it had access to carbon credit revenue.