News
Carbon Removal Projects Leap Forward With New Offset Deal. Will They Actually Help the Climate?
Finance and insurance giants hope to offset their carbon emissions with “direct air capture” from a plant in Texas and smokestack carbon capture from Midwestern ethanol plants that would rely on a pipeline that may never be completed.
By Nicholas Kusnetz
The open secret behind corporate climate pledges is that many companies don’t know how they will meet them. Some of the biggest questions lie behind the “net” in net-zero, exactly how, where and when companies will compensate for the climate pollution that they fail to eliminate from their own operations.
Related Knowledge Center: Carbon capture
State of Play
The federal government is investing heavily in the development of carbon capture and storage (or sequestration), which offers the enticing prospect of preventing carbon dioxide emissions produced during combustion from entering the atmosphere and contributing to climate change. But the technologies involved, while proven, remain expensive, an obstacle to widespread adoption.