The plan: capture CO2 so more can be produced
Many policymakers see carbon capture and storage, in its various guises, as a critical piece of any climate action plan — and the federal government agrees, to the tune of $1.2 billion in support for projects that otherwise would be economically infeasible.
The policy decision has consequences, intended or otherwise. The federal subsidies will provide the foundation for a new round of investment in fossil fuel infrastructure — projects that could be described as treading water in the move away from fossil fuel consumption driving climate change.
Supporters call the projects a critical bridge in that energy transition. Critics see them as a gift to the fossil fuel industry.
The Guardian: Carbon-capture gold rush an ‘insult’ to locals in emissions-hit Louisiana
The Associated Press: Energy Department announces largest-ever investment in ‘carbon removal’
Inside Climate News: Is carbon capture and storage a climate solution?