Revisiting failed climate strategy of CCS renders investors speechless

Revisiting failed climate strategy of CCS renders investors speechless

Carbon capture and storage, the prohibitively expensive climate mitigation strategy, is back on the Coalition’s agenda. Yet the facts speak for themselves. Of Shell’s total emissions of 656 million tonnes a year, its two CCS plants remove just 5 million tonnes a year from the atmosphere; the few plants in the world only exist because of huge government subsidies; while European oil companies use CCS primarily as a “feel-good” marketing message. Tim Buckley reports.

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