Big Oil’s Favorite Climate Change Solution

CO2 Markets & Reforestation

Big Oil’s Favorite Climate Change Solution

Big Oil’s Favorite Climate Change Solution

This year’s United Nations climate summit will be the biggest in history–and the first held in a major petrostate. Host United Arab Emirates wants to bring the fossil fuel industry into the climate fold, but to make that happen requires wide deployment of carbon capture and storage. Proponents argue the new technology could help preserve the energy security of fossil fuels without the emissions. Critics say it’s unproven at scale and a convenient fig leaf for Big Oil. (Source: Bloomberg)

 

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