Carbon Capture

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Cenovus Blasts Canadian Government Over Lack of Support for Carbon Capture

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‘Stick-based approach with some carrots thrown in’ Bloomberg News Robert Tuttle Cenovus Energy Inc. blasted the Canadian government for not providing enough financial support for the oilsands industry’s proposed $16.5-billion carbon capture system. The federal government has proposed tax credits covering about half of the capital costs for the project, and Alberta has offered a 12 per …

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ExxonMobil, Shell to Work with Singapore on Carbon Capture and Storage Project

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March 1 (Reuters) – Global energy majors Exxon Mobil and Shell will work with Singapore to develop a cross-border carbon capture and storage (CCS) project, both companies said on Friday. The Singapore-based units of the two companies, ExxonMobil Asia Pacific Pte. Ltd. and Shell Singapore Pte. Ltd., have formed the S-Hub consortium to work with the Singapore …

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Carbon Capture Tech a ‘Complete Falsehood’, Says Fortescue Metals Chairman

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(Reuters) – Carbon capture is not a solution for the energy transition and political leaders need to provide real, non-greenwashed, commitments to encourage investment, Andrew Forrest, executive chairman of Fortescue Metals, said on Tuesday. Speaking at the 50th anniversary meeting of the International Energy Agency, Australian billionaire Forrest said the investment community needs a level-playing …

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Carbon Markets Have a Long Shot at redemption

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(Reuters Breakingviews) – The United States has grand plans for carbon markets. Washington’s idea,  for an Energy Transition Accelerator (ETA) targets one of climate finance’s biggest challenges – the need,  to increase clean energy investment in the developing world excluding China sevenfold by the early 2030s, to $1.9 trillion annually. John Kerry, U.S. President Joe Biden’s …

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The World’s Next Big Carbon Capture Challenge? Figuring Out How to Use It

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Skepticism about how to commercialize — and use — carbon capture is growing. So is the debate over how to deploy it equitably and safely. By Michelle Ma – Bloomberg Carbon capture is having a moment. Companies such as Chevron Corp. are building technology to capture carbon dioxide from smokestacks while others such as Microsoft Corp. are investing in …

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