In my travels on Twitter (sorry, X) this morning, I saw this, and it raises more questions than it answers:
This is a “look, it works!” statement. We had already proven that CCS was possible a decade earlier. 8,000,000 tonnes sounds like a very large number - but that works out to barely 1 Mt annually. Alberta alone produces some 260 Mt annually just from its oil production.
There’s a red flag here. This is a technology still very much in its infancy. Then in October, it was announced that Oxy had sold off its plant in Texas, after never running it up over 1/3 of its stated capacity. Even if that was a means to offset the cost of acquiring Carbon Engineering earlier in the year, something still doesn’t add up.
