Any thoughts on CO2 Sequestration and MOU with Co-Op ?Does anyone have any thoughts on the newly announced CO2 capture MOU with Co-Op. It will be a $500 million spend on Co-op's part and $300 million by WCP.
I have emailed IR to see if they could provide more information. Does anyone have thoughts on the economics of this deal. What will sequestored CO2 be worth in the future?
Just recently someone posted that they thought WCP should be moving investments to the green side. I disagreed strongly as I thought WCP should stick to what they seems to do exceedingly well.
I said I trust Grant and the team to do what they have been doing consistently for a long time...take great care of us shareholders. Wow with this deal, looks like Grant and the management team is doing both...staying in their lane of expertise and going green.
Greta may start insisting that the hydrocarbons used to make the plastic bottle that she drinks her spring water out of comes from WCP.
But, on a serious note what effects will this have on the ESG status of WCP? Will this project lead to a higher multiple? What are the economics of CO2 capture?
The reaction to this annoucement seems sort of muted. Personally, over time I think this could be a huge game changer.
What do the wise sages of SH think?