Is Joe Manchin Aware That His Favorite Climate Technology Is a Total Bust?
Joe Manchin has insisted for months that he won’t support President Biden’s
Build Back Better Act unless it subsidizes a largely unproven and expensive
climate technology. Democrats are now bending to the conservative Democrat from
West Virginia: The multitrillion-dollar reconciliation bill being debated in
the Senate is likely to include generous tax
for coal, oil, gas, and other industrial companies to capture their massive
greenhouse gas emissions and bury them underground.
carbon capture and storage, or CCS, is light years away from doing anything to
help climate change. That’s the conclusion of a new report written not by a
climate group but rather by some of the technology’s biggest corporate defenders.
43-page report by the Global CCS Institute, reveals that even with
substantial financial support from governments and thousands of advertisements from oil companies
touting the potential of CCS, the actual climate-fighting capacity of such
projects in operation or in various stages of planning worldwide is slightly
lower than it was a decade ago. “Despite unprecedented growth in
the CCS project pipeline for the last 12 months, there remains a massive gap
between today’s CCS fleet and what is required to reduce global anthropogenic
emissions to net zero,” explains the institute, whose members
include Chevron, Exxon, General Electric,
Occidental Petroleum, Southern Company and dozens of other top industrial