Carbon Capture Hype Fails to Curb Soaring Emissions, Widening Global Inequality
The article discusses the challenges of Carbon Capture and Storage (CCS) in reducing atmospheric CO2 levels despite being heavily promoted in the oil and gas industry. It reveals that current CCS methods are limited by technical and financial drawbacks, with only a small fraction of emitted CO2 being captured globally. Most captured CO2 is used to enhance oil production, not to curb emissions. The study highlights the immense difficulties in implementing effective CCS due to economic disparities and the ongoing reliance on oil and gas for energy. It concludes that despite efforts, CCS remains a minor player in combating climate change, as oil and gas will likely remain crucial energy sources for the foreseeable future.