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Carbon capture won't allow oil companies to increase capacity: IEA

  • Oil and gas companies should not rely on carbon capture and storage to maintain their current level of production on a warming planet, according to a report from the International Energy Agency .
  • The oil and gas sector in Canada sees carbon capture and storage as crucial in achieving decarbonization goals, particularly for oilsands companies aiming for net-zero emissions by 2050.
  • However, the IEA's latest report states that deploying carbon capture will not enable the oil and gas industry to continue increasing fossil fuel production in the future.
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Coast Reporter broke the news in Sechelt, Canada on Thursday, November 23, 2023.
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