By Mish Shedlock of MishTalk The lie of the day is from the EPA Carbon capture will pay for itself thanks to IRA subsidies. No, it won’t even with subsidies. Expect blackouts and a higher price for electricity.
Sustainable Development For a rebuttal to the above Biden claims, please consider the International Institution for Sustainable Development article Why Carbon Capture and Storage Is Not a Net-Zero Solution for Canada’s Oil and Gas Sector The poor track record of CCS in Canada is part of a broader trend. According to the Global CCS Institute 2022, the global growth of carbon captured by commercially operating CCS facilities has been much slower than anticipated.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: