What's behind the oil & gas industry's funding of CCUS?
NEW REPORT: Oil and gas interests have poured nearly $1 BILLION into lobbying for carbon capture since 2005 — and nearly 90% of it came directly from fossil fuel-linked groups.
The report, led by former Exxon whistleblower Dr. Lindsey Gulden and carbon capture expert Dr. Charles Harvey, shows that 15 companies — including ExxonMobil, Occidental Petroleum, and Southern Company — were behind HALF of all carbon capture, utilization, and storage lobbying spending.
The impracticality of implementing CCUS is well understood. CCUS poses a well known and inherent danger to populations living near large volumes of concentrated carbon dioxide (CO2), and the high cost of capturing, storing, and transporting CO2 is well documented Diverting public dollars to CCUS instead of alternative energy sources presents a huge opportunity cost for mitigating climate change.
So what's the real story? Carbon capture isn’t about saving the climate. It’s about protecting fossil fuel profits — with taxpayer dollars footing the bill, at a time when we need to be doing everything we can to prevent a climate catastrophe - one that could ultimately make this planet inhabitable for humans.
Read the full report here: https://www.sciencedirect.com/.../pii/S146290112500187X...
Harvey and Gulden funded the report “Limitations of science and engineering relevant to protecting drinking water: The Mahomet Aquifer as a case study”, commissioned by EJC this past spring.