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Analysis

Carbon Capture Only a Partial Lifeline for Fossil Fuels

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Some in the oil sector suggest carbon capture and storage (CCS) could save fossil fuels in a net-zero world. Carbon dioxide emissions are the problem — not fossil fuels — and can be suppressed with CCS, they argue. CCS could indeed become a sizable business where oil companies have cards to play, particularly in the storage part. But fossil fuels are currently responsible for 32 billion tons of CO2 emissions, including 17 billion tons just for oil and gas.

Topics:
Carbon Capture (CCS), CO2 Emissions, Oil Demand, Emerging Technologies
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