Hi everyone, welcome back to Net Zero.
The world will continue to use oil and gas for decades, even in the best possible climate policy outlook. The only way to reconcile that fact with the emissions targets needed to fulfill the Paris Agreement is to accept a prominent role for carbon capture, utilization, and storage (CCUS). The practice is unpopular among environmentalists because it has sometimes been used as an excuse to keep operating fossil fuel infrastructure. But for some industrial applications, including yanking CO2 directly from the atmosphere, it will be needed. Today, we’ve got a scoop on a battle brewing in Texas over what to do with all the carbon oil and gas companies want to capture.
Also: The CEO of a top U.S. electric utility texts us about wildfires and SVB, and a deep-sea mining startup shrugs off a new ocean conservation treaty.
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