If at first, you don’t succeed, spend, spend again.
New Scientist (9/1/22) reports: "Several of the world’s biggest projects capturing and storing carbon dioxide are significantly underperforming, according to an analysis showing some are capturing only half as much CO2 as promised. Carbon capture and storage (CCS) is seen as a vital tool for tackling climate change by authorities such as the International Energy Agency and the Intergovernmental Panel on Climate Change. The technology stands to receive generous support in the US government’s new climate bill, and other countries are incentivising take-up, including Norway and the UK. A report published today analysed the performance of 13 flagship existing CCS schemes worldwide, which together represent 55 percent of captured CO2, using figures published by the companies. Most have captured much less CO2 than expected, the report found. Across its lifetime, the report says ExxonMobil’s LaBarge facility at Shute Creek in Wyoming has underperformed by around 36 percent in terms of capacity. The world’s only large power station with CCS, Boundary Dam in Saskatchewan, Canada, has captured about 50 percent less than planned, according to the report, and the capacity of Chevron’s Gorgon gas scheme in Western Australia has been about 50 percent lower than planned in its first five years. Two projects included in the report failed, including the Kemper coal CCS project in Mississippi, which was long delayed and construction was eventually abandoned in 2017."
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"Mexico is constructing a $12 billion refinery, due to start producing gasoline next year. Perhaps President Biden’s next foreign trip should be to Mexico City."
– Rupert Darwall, RealClearFoundation
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