Oil Giants Prepare to Put Carbon Back in the Ground - News Summed Up

Oil Giants Prepare to Put Carbon Back in the Ground


The idea sounds deceptively simple: Divert pollutants before they can escape into the air, and bury them deep in the ground where they can do no harm. But the technology has proved to be hugely expensive, and it has not caught on as rapidly as some advocates hoped. Still, lots of attention is being paid to carbon capture as a way to meet the targets in the 2016 Paris climate agreement. As a candidate, President Biden promoted carbon capture’s promise; last month, Exxon Mobil announced a $3 billion investment in low-carbon efforts, including carbon capture; and a week later, Elon Musk promised to put up $100 million for a contest seeking the best carbon-capture technology. The area’s turn toward Mr. Johnson’s Conservative Party helped it win big in the 2019 national election.


Source: New York Times March 08, 2021 09:56 UTC



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