The official launch of the Boundary Dam carbon capture and storage facility at a coal power plant in Canada on Oct. The carbon dioxide then is compressed and transported to sites where it is either stored underground, injected into oil and gas deposits for enhanced oil recovery, or used for a limited number of other applications such as beverage carbonation. A central part of the industry’s strategy to portray itself as an essential partner in climate action, it seems, is to go all in on carbon capture and storage.ĬCS and the related carbon capture, utilization, and storage (CCUS), are a set of technologies designed to trap some of the carbon pollution produced from industrial facilities. The Democrat-led committee wrapped up the investigation in December, before Republicans took control of the House, and concluded, based on hearings and subpoenaed documents, that the oil and gas industry is continuing to mislead the public about its climate commitments. House Oversight Committee’s “historic” investigation into Big Oil and climate disinformation. The hearing, which featured testimony from the CEOs of ExxonMobil, BP, Shell, Chevron, and the American Petroleum Institute, was part of the U.S. “Exxon and others are using captured CO2 to extract more oil and calling this a climate mitigation strategy,” Jones said. Mondaire Jones called out the Shute Creek project in questions posed to ExxonMobil CEO Darren Woods. GQK8DFcWoc- ExxonMobil JanuExxonMobil says its carbon capture facility in Wyoming has “captured the most CO2 emissions on Earth to date.” But the vast majority of that captured CO2 is used to pump out more fossil fuel from oilfields or released back into the atmosphere.ĭuring a landmark congressional hearing in October 2021, Democratic Rep. Hear from our safety and environment supervisor, Anne Guinard □, on the exciting work being done. And as a trove of industry documents reveals, Exxon is far from the only fossil fuel company selling carbon capture as its golden ticket to continue pumping its products, despite internal concerns about the technology’s feasibility.įor more than three decades, our LaBarge facility in Wyoming has been a center for #carboncapture □. Yet American taxpayers have been subsidizing the oil company’s purported climate endeavors through a federal tax credit for CCS, to the tune of perhaps $240 million claimed already. Still, the company plans to double-down on CCS, making the underperforming technology an essential part of its billion-dollar blue hydrogen plans, which rely on fossil gas. While Exxon has already spent millions on this project - and plans to invest up to $400 million more to expand it - Shute Creek has consistently fallen short of its carbon capture goals. Only 3 percent of the Wyoming project’s CO2 has been geologically stored in the same formation from which the original gas was extracted, according to estimates from the Institute for Energy Economics and Financial Analysis (IEEFA). Although the oil giant publicly touts carbon capture as a “proven” climate solution, its own early foray reveals just how flimsy of a fix the technology really is - and how expensive, both for taxpayers and the climate.įor starters, at Exxon’s Shute Creek, nearly all of the CO2 separated from the extracted fossil gas either has been sold, for a profit, to other drillers to use for squeezing out hard-to-recover oil elsewhere (a process called enhanced oil recovery) or vented back into the atmosphere. Shute Creek is the world’s largest CCS project and has been operational for over 30 years. Last February, ExxonMobil announced it would further expand its only active carbon capture and storage (CCS) operation in the United States, located at a gas processing facility in LaBarge, Wyoming.
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