Latest Carbon Capture Projects Look Encouraging

The Environmental Protection Agency just reversed course and delayed a ruling on requirements for lowering ozone standards by a year, likely to avoid legal action from environmentalists and public health groups. This comes at a critical time, as seasonally adjusted concentrations of carbon dioxide (CO2) and other greenhouse gases in the earth’s atmosphere have risen dramatically in the past half century.

The Trump administration’s reluctance to address climate change will not stymie the pace of global investment in carbon capture, which has become a hot topic in the field of energy technology. Carbon capture and sequestration (CCS) technologies enable the capture of CO2 from fuel combustion or industrial processes, CO2 transport via ships or pipelines, and its storage, typically in depleted oil and gas fields and deep saline formations. According to KPMG, carbon dioxide has become a serious business liability, decreasing a firm’s value by $212,000 for every 1,000 metric tons produced.