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Can These Oil Companies Be Carbon Neutral?

By Tyler Crowe - Sep 5, 2013 at 5:06PM

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A new oil extraction technique actually could make the oil industry less carbon intense.

If only we could use oil without the side effects of carbon emissions, that would be quite the thing wouldn't it? Well, there are a couple of oil companies that are at least making an attempt. One company that stands out among those making token efforts is Denbury Resources (DNR). The company has been rather innovative by piping CO2 emissions from factories and refineries to inject into wells for enhanced oil recovery. Not only does this technique lower overall carbon emissions, but it also creates a demand for something we once considered a byproduct of using hydrocarbons. 

Can Denbury and others actually be carbon neutral using this technique? Tune into the video below where contributors Tyler Crowe and Aimee Duffy tackle this topic. 

Fool contributor Aimee Duffy has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow them both on Twitter @TMFDuffy and @TylerCroweFool, respectively.

The Motley Fool recommends Kinder Morgan. The Motley Fool owns shares of Denbury Resources and Kinder Morgan. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Stocks Mentioned

Denbury Resources Inc. Stock Quote
Denbury Resources Inc.
Canadian Natural Resources Limited Stock Quote
Canadian Natural Resources Limited
$55.29 (-1.25%) $0.70
Kinder Morgan, Inc. Stock Quote
Kinder Morgan, Inc.
$18.68 (-1.32%) $0.25
Suncor Energy Inc. Stock Quote
Suncor Energy Inc.
$32.56 (-1.42%) $0.47

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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