OPINION: C.C.S. allows for the continued production of oil and natural gas at a time when the world should be ending its dependence on fossil fuels.
The technology called carbon capture and storage is aptly named. It is supposed to capture carbon dioxide emissions from industrial sources and pump them deep underground. It was a big winner in the climate provisions of the Inflation Reduction Act passed by Congress last week and signed into law by President Joe Biden on Tuesday.
Even so, this technology has broad political support, including from Sen. Joe Manchin of West Virginia, an ally of the coal industry, because it enables the continued extraction and burning of fossil fuels while also preventing the resulting carbon dioxide from entering the atmosphere. Industry campaigns such as “Clean Coal” have also promoted the technology as something that could ramp up quickly to bridge the gap to the deployment of large-scale renewable energy. But by promoting C.C.S.
Of the 12 commercial C.C.S. projects in operation in 2021, more than 90% were engaged in enhanced oil recovery, using carbon dioxide emitted from natural gas processing facilities or from fertilizer, hydrogen or ethanol plants, according to an industry report. That is why we consider these ventures oil or natural gas projects, or both, masquerading as climate change solutions.
The Texas Clean Energy and Hydrogen Energy California C.C.S. projects were allocated over a half-billion dollars collectively, then dissolved. The list goes on, with at least 15 projects burning billions of dollars of public money without sequestering any meaningful amount of carbon dioxide. Petra Nova, apparently the only recent commercial-scale power project to inject carbon dioxide underground in the United States , shut down in 2020 despite hundreds of millions of dollars in tax credits.
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