When scientists and activists first raised alarm bells on climate change, the oil and gas industry was a reluctant player. But now, it boasts that carbon capture is one of the fastest ways for the industry to reach net-zero emissions by 2050.
The process entails capturing carbon emissions and storing them underground. Governments around the world have bought into this approach, providing billions of dollars in tax credits and grants to the fossil fuel industry to make it happen.
Although carbon capture sounds like a good term for fighting the climate crisis, scientists and environmentalists question its ability to make a difference.
In Episode 12 of Hot Politics, host David McKie examines the carbon capture utilization and storage process, or CCUS for short, and explores why some are calling it greenwashing.
June Sekera, a public policy practitioner and researcher, takes us through the laborious and expensive process of carbon extraction, transportation and storage.
“In the United States, we've had seven CCS projects at power plants since about 2011, and every one of them has failed. They've all been subsidized by the government. They've had hundreds of billions of dollars in subsidies and every one has failed because they don't work," she says.
McKie also speaks to Angela Carter, an energy transition specialist at the International Institute for Sustainable Development. Carter researches Canada's fossil fuel development and how it fits with international approaches to climate policy.
She thinks rich oil companies should not expect taxpayers to pay to clean up their mess and says their solution is a mirage.
“Carbon capture and storage is being presented as a climate solution. But in reality, for the most part, it is an oil production aid or method,” she says.
In Episode 12 of #HotPolitics, host @mckiedavid examines the #CarbonCapture utilization and storage process, or CCUS for short, and explores why some call it #greenwashing.
Look for Hot Politics on your favourite listening app to learn exactly how the industry uses carbon capture to escalate its old habits and what governments are doing about it.
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