Carbon capture and “enhanced oil recovery” technologies are a lifeline to the oil and methane gas industries. CCS, EOR, credits for captured carbon in the future - all will enable more drilling & burning by fossil fuel companies today.
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Siri, show me something that isn’t a climate solution:
“97 percent of CO2 captured by the La Barge facility has been sold for EOR since the plant began operations in 1986. In times when EOR was not profitable, CO2 was simply vented into the atmosphere.”
“We believe that our direct capture technology is going to be the technology that helps to preserve our industry over time,” [said] Occidental Petroleum CEO Vicki Hollub…Hollub says new advances could serve as a lifeline for the oil industry, extending operations “60, 70, or 80 years in the future”
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“97 percent of CO2 captured by the La Barge facility has been sold for EOR since the plant began operations in 1986. In times when EOR was not profitable, CO2 was simply vented into the atmosphere.”