To me it seems like the world upside-down to build a CO2 sucking plant on one side and on the other inject carbon dioxide underground to free up additional oil from the company’s petroleum wells.
Which poses an obvious question: Can producing more fossil fuel help combat climate change? Doesn’t that negate the whole point of pulling carbon dioxide out of the air in the first place?
“To the extent that you’re expanding the total energy resources base and extending the fossil-fuel era, obviously that doesn’t solve the climate problem.”
Dan Lashof, director of the World Resources Institute in the US
It’s at least “unambiguously better” than doing enhanced recovery the way it’s often done now, which involves first pulling up still more carbon dioxide from geological wells, says Dan Lashof, director of the World Resources Institute in the US.
Beyond that, enhanced oil recovery using captured carbon dioxide “opens a pathway to producing fully carbon-neutral or even net-negative fuels,” Richard Jackson, president of the subsidiary, Oxy Low Carbon Ventures, said in a statement.
All the carbon dioxide used in enhanced oil recovery can be permanently trapped in pores and fluids underground, though whether that happens depends on the geology of the site and how carefully the process is managed.
A Canadian startup plans to build the largest carbon dioxide removal plant in the world, capable of sucking half a million metric tons of the greenhouse gas out of the air every year. If the project is ultimately built, it will […]
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