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.
21 Articles
21 Articles
IEA report to oil and gas companies: Don't bank on carbon capture
Carbon capture and storage has become a key plank of the Canadian oil and gas sector's decarbonization goals, but a new report from the International Energy Agency warns against banking on the technology as the planet continues to warm.
IEA report warns oil and gas companies against banking on carbon capture
CALGARY -- Carbon capture and storage has become a key plank of the Canadian oil and gas sector's decarbonization goals, but a new report from the International Energy Agency warns against banking on the technology as the planet continues to warm.
IEA report warns oil and gas companies against banking on carbon capture
CALGARY — Carbon capture and storage has become a key plank of the Canadian oil and gas sector's decarbonization goals, but a new report from the International Energy Agency warns against banking on the technology as the planet continues to warm.
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