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Climate bill positions big oil and gas companies to cash in

The Washington Post · Evan Halper · last updated

Fossil fuel companies won lucrative federal subsidies for carbon capture projects. But these projects often promote more oil and gas extraction.

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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. 

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