The document discusses the critical need for carbon capture and storage (CCS) technology. It notes that the International Energy Agency analysis shows CCS must be an integral part of low-cost climate change mitigation scenarios. By 2050, over 950 gigawatts of global power generation capacity, or 8%, would need to be equipped with carbon capture. Industrial applications of CCS are also important for reducing emissions from steel and biofuel production. However, CCS faces challenges of high costs, lack of policies and infrastructure, and public acceptance concerns. The document then provides details about Chevron's Gorgon Project in Australia, which is the world's largest carbon dioxide injection project for storage of CO2 emissions from the liquef