Bloomberg Originals
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Big Oil’s Favorite Climate Change Solution
Posted
November 23, 2023
Views
46,268
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942
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132
Engagement
2.32%
November 23, 2023
46,268
942
132
2.32%
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6:52Now PlayingThis year’s United Nations climate summit will be the biggest in history–and the first held in a major petrostate. Host United Arab Emirates wants to bring the fossil fuel industry into the climate fold, but to make that happen requires wide deployment of carbon capture and storage. Proponents argue the new technology could help preserve the energy security of fossil fuels without the emissions. Critics say it’s unproven at scale and a convenient fig leaf for Big Oil.
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