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environmental impacts

Carbon Capture, Offsets and Bonds: Will Any of Them Work?


Governments that believe the industrial economy depends on the continuing use of fossil fuels want to maintain business-as-usual. Consequently the federal and provincial governments subsidize technology that pumps C02 into oil fields to enhance private oil recovery, and then justify this because it involves some carbon capture and storage (CCS). CCS is naively treated as a tech-fix for reducing greenhouse gases (GHGs). But CCS comes from the same paradigm that got us into the climate crisis, and, anyway, it's more cost-effective and creates more local employment to go directly to renewables.