Chevron’s Gorgon LNG project released millions of tonnes CO2 last year that were meant to be sequestered by its carbon capture and storage (CCS) project. This failure represents half of the national increase in emissions over the last year. If required to offset these emissions, Gorgon would need to pay more than $55 million a year. However, Gorgon will face no penalties and is in line to receive $60m in taxpayer subsidy. Under the safeguard mechanism, it has an emission limit that assumes CCS is not operating.