Published 2 months ago

New Report: USD 30 Billion of Public Money Wasted on Failing Carbon Capture and Fossil Hydrogen Projects. Hundreds of Billions More to Come. - Oil Change International

Summary by Oil Change International

August 27, 2024. Washington DC – Carbon capture has failed to reduce global carbon emissions for over 50 years. Currently operating projects would only capture a mere 0.1% of global emissions if they actually worked, and most projects primarily boost oil and gas production. A new briefing from Oil Change International, “Funding Failure: Carbon Capture and Fossil Hydrogen Subsidies Exposed,” reveals how governments in North America and Europe are…

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New Report: USD 30 Billion of Public Money Wasted on Failing Carbon Capture and Fossil Hydrogen Projects. Hundreds of Billions More to Come. - Oil Change International

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