Why the oil industry’s pivot to carbon capture and storage – while it keeps on drilling – isn’t a climate change solution
By June Sekera and Neva Goodwin, The Conversation
After decades of sowing doubt about climate change and its causes, the fossil fuel industry is now shifting to a new strategy: presenting itself as the source of solutions. This repositioning includes rebranding itself as a “carbon management industry.”
This strategic pivot was on display at the Glasgow climate summit and at a Congressional hearing in October 2021, where CEOs of four major oil companies talked about a “lower-carbon future.” That future, in their view, would be powered by the fuels they supply and technologies they could deploy to remove the planet-warming carbon dioxide their products emit – provided they get sufficient government support.
That support may be coming. The Department of Energy recently added “carbon management” to the name of its Office of Fossil Energy and Carbon Management and is expanding its funding for carbon capture and storage.
But how effective are these solutions, and what are their consequences?
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