Nice little article about carbon capture

https://www.bloomberg.com/news/articles/2023-11-22/why-carbon-capture-is-big-oil-s-favorite-solution-for-climate-change?srnd=premium-asia

Doco:

https://www.bloomberg.com/news/videos/2023-11-22/big-oil-s-favorite-climate-change-solution-video?sref=fSOf3OlP

Why Carbon Capture Is Big Oil’s Solution for Climate Change

On the eve of COP28, Bloomberg Originals explores the technology’s potential, its shortcomings and why fossil fuel giants have championed it.

The CO2 injection drill and well center at the Gorgon liquefied natural gas and carbon capture and storage facility, operated by Chevron Corp., on Barrow Island, Australia.

Photographer: Lisa Maree Williams/Bloomber

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Sultan Ahmed Al Jaber is the President-Designate of the upcoming United Nations climate summit in Dubai, or COP28. He’s also head of the Abu Dhabi National Oil Company. Recently he said “we have to change course to address climate change,” a familiar mantra for a fossil fuel industry that’s expressed solidarity with net-zero goals.

Carbon capture technology has long been the industry’s favored solution. But Big Oil’s investment in it has been slow and largely aimed at helping produce more fossil fuels. In the mini-documentaryCarbon Capture’s Reality Check,Bloomberg Originals explores the technology’s potential, its shortcomings and why fossil fuel giants have championed it

Watch Big Oil’s Favorite Climate Change Solution

According to the International Energy Agency, if the world is to achieve net zero by 2050, 30 times more point-source carbon capture—where CO2 is removed at its source—will be necessary by the end of this decade. Meanwhile, in 2022, the technology captured just0.1%of global emissions.