The Illusion of Carbon Capture: Oil Companies' Business as Usual

The Energy Transitions Commission (ETC), a group of business and nonprofit leaders, has warned that relying on carbon capture technology as a solution to offset fossil fuel emissions is a "dangerous delusion." The ETC argues that over 90% of identified fossil fuel resources must be left in the ground to limit global temperature increase to 1.5 degrees Celsius. While carbon capture has a limited role in decarbonizing the economy, reducing fossil fuel demand is crucial. The ETC criticizes the high costs and slow deployment of carbon capture technology and urges fossil fuel companies to scale down exploration and governments to enforce policies to reduce fossil fuel use.