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Home » Space/Science

Oil companies sold the public on a fake climate solution — and swindled taxpayers out of billions July 29, 2024 3:48 pm BuckGalaxy

The fossil fuel industry’s carbon capture bamboozle, explained.

…the industry’s relentlessly positive marketing of carbon capture, which aims to collect and store CO2 emissions from power plants and industrial and fossil fuel extraction facilities, so they don’t add to global warming. The Intergovernmental Panel on Climate Change (IPCC) has said carbon capture might be necessary to reduce the emissions of certain “hard to abate” sectors like steel, concrete, and some chemical manufacturing, but noted that in the best-case scenario, with carbon capture technology working flawlessly and deployed at large scale, it could only account for a little over 2 percent of global carbon emissions reductions by 2030.

That hasn’t stopped major oil companies from claiming that carbon capture and storage “will be essential for helping society achieve net-zero emissions,” that they are delivering “carbon capture for American industry,” working on reducing emissions in their own businesses (also referred to as “carbon intensity”), and delivering “heavy industry with low emissions.” But internal documents obtained during the federal investigation, as well as information that industry whistleblowers shared with Drilled and Vox, reveal an industry that is decidedly more realistic about the emissions-reduction potential of carbon capture and storage technology, or CCS, than it presents publicly…

  • It's us. by podrock 2024-07-30 08:30:21
    • The free market always finds a way. by TB 1960-01-01 to Present (probably) by Tony 2024-07-31 12:33:13
      • November, 1968.. by ER 2024-07-30 09:11:08
      • They're good at that sort of thing. by ER 2024-07-29 16:46:18
        • I beg to differ by BuckGalaxy 2024-07-29 17:41:35
          • I pay to differ. by ER 2024-07-30 06:40:09

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