Five decades on from the first CCS project, the technology remains riddled with problems, unproven at scale, and not fit for purpose. It is beyond time to focus on the real solutions to the climate crisis and injustice that the fossil fuel industry has wrought. Neither CO2-rich gas or LNG qualify.
CCS
ExxonMobil’s climate plans are still “grossly insufficient”
Last year, we rated ExxonMobil as “grossly insufficient” on all ten of the criteria. There are tiny steps forward in the new announcement, but nothing that changes any of our ten metrics from “grossly insufficient” to “insufficient,” let alone to even “partial alignment.”
As Shell spins a commitment to “net zero” by 2050, critics wave red warning flags
Shell, a company often vilified for being complicit in human rights abuses in Nigeria, of rampant pollution and ignoring the risks of climate change for decades, belatedly wants us to believe it is central to the climate fight.
Sign-on Letter: Oppose Expanding the 45Q Tax Credit for Oil, Gas and Coal Companies
Organizations from frontline communities – where Americans that are most impacted by climate change and the fossil fuel industry live – and organizations working in solidarity with them, are urging lawmakers to reject the FUTURE Act (S.1535) and the Carbon Capture Act (H.R.1379) – and to oppose its inclusion in a tax policy package.
Sign-on Letter: No Subsidies for Enhanced Oil Production
More than 30 environmental, public health, consumer, and climate groups delivered a letter to members of Congress in opposition to the FUTURE Act (S.1535) and Carbon Capture Act (H.R.3761) – and any attempts in a tax policy package to extend or expand subsidies for enhanced oil production.
Expanding Subsidies for CO2-Enhanced Oil Recovery: A Net Loss for Communities, Taxpayers, and the Climate
This analysis explores the oil production, carbon emissions, and taxpayer cost implications of the proposed changes to Section 45Q in the U.S. tax code in S.1535 and H.R.3761.
Expanding Subsidies for CO2-Enhanced Oil Recovery: A Net Loss for Communities, Taxpayers, and the Climate
Communities in Houston, Florida, Louisiana, Puerto Rico, and California are just beginning the long road to recovery from disasters made worse by climate change. It would seem downright irresponsible to increase taxpayer handouts to spur fossil fuel production at a time like this. But that’s exactly what’s being proposed in Washington.
Statement On Congressional Efforts to Extend 45Q
f passed, Oil Change International’s forthcoming analysis reveals that this legislation would be worth up to $4.5 billion each year to the oil industry, making it the largest single federal handout to the fossil fuel industry.
Proposed oil and coal company handouts incentivize drilling, undermine climate action
Yesterday, Sens. Whitehouse (D-RI), Heinrich (D-ND), Capito (R-WV) and Barrasso (R-WY) introduced the Carbon Capture Utilization and Storage Act, legislation to extend and more than double tax credits to fossil fuel companies for using climate pollution to extract more oil.
Why the International Energy Agency Still Gets It Wrong on Fossil Fuels
On Monday, we welcomed the first step by the International Energy Agency towards describing how energy would look for the world to meet one of the Paris Agreement goals, to keep warming well below 2°C. Specifically, it looked at emissions being limited enough to give a 2-in-3 chance of staying below 2°C. The report was co-published … Read More