It gave the sense of an oil company tackling the climate crisis with technology that could solve it – and quickly. ExxonMobil’s ad in The Daily, for example, emphasizes its work to scale up carbon capture as a climate solution. The ad’s statement that carbon capture can remove 90% of emissions also has some important caveats. The figure is a baseline target for carbon capture projects and refers to the emissions captured at a single industrial site rather than all industrial emissions. According to the International Energy Agency, the world’s carbon capture and storage (CCS) projects can currently capture approximately 0.1% of annual global emissions.

Source: The Guardian December 05, 2021 06:01 UTC