![]() ![]() Apparently, according to Politico, it’s because it’s being proposed by “Big Oil,” an industry they’re actively trying to kill: “.environmental groups and many Democrats have slammed carbon capture proposals as a climate strategy, saying the only way to permanently reduce greenhouse gas pollution is a wholesale switch away from fossil fuels.” Why does the green lobby “hate” this project? Good question. This opposition was exemplified a Politico story published within hours of Exxon’s announce earlier this week, under the headline “ ExxonMobil’s climate pitch to Biden: A $100B carbon project that greens hate.” That itself presents a huge challenge, especially given that the Biden/Harris administration appears to have de-emphasized support for CCUS, at least in its initial proposal on infrastructure legislation.Īnother big challenge will come from opposition from the green lobby, which seems to just knee-jerk in opposition to any proposal from the oil and gas sector. The plan would also require the creation of a regulatory framework at all of these levels of government in order to be successful. “But we also recognize that there will have to be a lot of other entities involved with making this happen.” ![]() “We are well-positioned to take a leadership role in this area,” Powell told me. But even working in partnership with the city, state and federal governments, Exxon believes it is a plan that would of necessity involve many other industry participants besides itself. Exxon’s vision is to source that CO2 from the 50 largest industrial emitters in the Houston area, a plan that would go a long way to helping the city achieve its net-zero carbon goals. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |