Is Carbon Capture Big Oil’s Next Pay Day? | ZeroHedge
Authored by Craig B. Smith & William D. Fletcher via RealClearEnergy,
THE PROPOSAL
Carbon capture and storage — the concept of sucking carbon dioxide (CO2) from the atmosphere and storing it underground — is being considered as a way to reduce greenhouse gases. It’s been suggested that such technology is a way to buy time while the world transitions away from fossil fuels to renewable energy. It’s discussed as a possible way to stall global warming.
There is (more…)