Carbon capture and storage not a ‘miracle’ climate cure

Carbon capture and storage not a ‘miracle’ climate cure

A new study has strongly criticised fossil fuel-producing states for incorporating carbon capture and storage (CCS) in their climate strategies, claiming the technology is being used to extend the shelf life of oil companies rather than as a climate action tool. As Cop28 kicked off in Dubai, analysis by US-based non-profit environmentalist organisation Oil Change […]

Study questions use of CCS

$20bn invested in technology

Phasing out fossil fuels is ‘crucial’

A new study has strongly criticised fossil fuel-producing states for incorporating carbon capture and storage (CCS) in their climate strategies, claiming the technology is being used to extend the shelf life of oil companies rather than as a climate action tool.

As Cop28 kicked off in Dubai, analysis by US-based non-profit environmentalist organisation Oil Change International revealed that global oil producers have been using CCS primarily to “expand fossil fuel extraction”.

The report said governments across the globe have invested more than $20 billion in CCS over the past 50 years, with plans for an additional $200 billion, despite the technology primarily being used for enhanced oil recovery.

Adnoc seeks to turn carbon capture into revenue stream

Speeding up carbon capture and storage is path to net zero

Al Jaber flags ‘strong views’ and calls for collaboration

Enhanced oil