While experts are sceptical about carbon capture and storage (CCS) technology, it’s not stopping companies worldwide from investing heavily in the equipment as a means of decarbonisation. As oil and gas firms strive to continue pumping oil for so long as demand and national regulations permit, they must quickly find a way to decrease their carbon emissions – enter CCS.
Companies working in hard-to-abate industries have been repeatedly called out for greenwashing by environmentalists who see CCS as a band-aid on a bullet wound, while…Carbon Capture: A Crucial Tool or a Costly Distraction?
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