Thread by @AssaadRazzouk

Yet another new study says Carbon capture and storage is not new, does not work as a climate solution and is a tool used by oil & gas companies to deceive and obfuscate: 72% of the (little) CO2 captured is anyway reinjected into oil fields to push more oil out of the ground

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Fundamental problem: IEA Net Zero 2050 report clearly says that there must be no new oil & gas to reach net zero by 2050 and avert the catastrophic consequences of climate change

Therefore, any new oil and gas development should not get a green light, with or without CCS

2/n

In any case, CCS does not work: The power sector has not had a single successful carbon capture and storage project: Lots announced, 2 failed, and 1 was mothballed

3/n

It doesn't work in other sectors either: The study analyzed 13 large-scale projects
>2 failed
> 1 mothballed
> 7 underperformed
> 1 was questionable
> 2 in Norway demonstrated what could be called limited success

4/n

CCS projects are also ONLY concerned about capturing Scope 1 and 2 emissions (10–15% of the value chain). However, 85–90% of the emissions are Scope 3 emissions and CCS projects cannot do anything about that. That's a fundamental reason why they are an obfuscation strategy

5/n

In short, carbon capture and storage continues to be an elaborate and sophisticated con

"90% emission reduction target claimed by the industry unreachable in practice"

The full @ieefa_institute report can be accessed via this link: ieefa.org/resources/carb… #climate