Carbon capture is big business, but its challenges fly in the face of the need to lower emissions. Can we square the circle on this technological Wild West?
In July 2020, Shell Oil’s Alberta-based Quest project announced that, in under five years since it had started operating, it had captured and safely stored five million tonnes of carbon dioxide — an amount equal to the annual emissions from 1.25 million cars. Not only that, but the cost to do so was about a third less than anticipated. With combined federal and Alberta government grants to launch the project totalling $865 million, bean-counters somewhere surely cheered this efficiency.
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