Carbon capture and storage: The dreams and setbacks in climate action [Toronto Globe and Mail (Ontario, Canada)]
Chevron Corporation (CVX)
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Source: Toronto Globe and Mail
Carbon capture and storage: The dreams and setbacks in climate action Svante's carbon-capture demonstration plant in November, 2019, located outside of Lloydminster, Sask. The company has developed patented technology that captures CO2 from smokestacks. Handout Svante's carbon-capture demonstration plant in November, 2019, located outside of Lloydminster, Sask. The company has developed patented technology that captures CO2 from smokestacks. Call it a clash over carbon. Many environmentalists slam carbon capture and storage (CCS), saying it will perpetuate reliance on fossil fuels when the focus should be on spurring renewable energy sources of electricity, notably wind, solar and geothermal. But the International Energy Agency and the International Panel on Climate Change, along with numerous large and powerful traditional resource producers, say CCS projects are a necessary part of the global strategy to reduce emissions of greenhouse gases such as carbon dioxide. Industry analys
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