Fossil Fuel Companies Are Quietly Scoring Big Money for Their Preferred Climate Solution: Carbon Capture and Storage

Over the last year, energy companies, electrical utilities and other industrial sectors have been quietly pushing through policies to support a technology that stands to yield tens of billions of dollars for corporate polluters, but may do little to reduce greenhouse gas emissions. These policies have allocated billions in federal funding for research and development of carbon capture and storage, or CCS, technologies that pull carbon dioxide out of smokestacks or directly from the air before storing it underground. Many environmental advocates argue that the massive government support would be better spent on proven climate solutions like wind and solar energy, which receive far less in direct funding under the infrastructure bill.

By Nicholas Kusnetz. Inside Climate News. August 17, 2021.

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