Occidental Petroleum is leading the global charge to vastly expand the use of technologies that suck up carbon dioxide. The failure of company’s biggest-ever bet shows the challenges ahead.
Here’s the thing: in almost all cases, it’s cheaper to not emit in the first place than to pay for carbon capture. So the economics of it actually matter quite a bit.
Yeah, this is the sneaker. Unless they’re powering carbon capture with green energy or perpetual motion (spoiler alert), they’re basically burning a whole lot more carbon to claw back a little already emitted carbon.
Here’s the thing: in almost all cases, it’s cheaper to not emit in the first place than to pay for carbon capture. So the economics of it actually matter quite a bit.
Yeah, this is the sneaker. Unless they’re powering carbon capture with green energy or perpetual motion (spoiler alert), they’re basically burning a whole lot more carbon to claw back a little already emitted carbon.