December 1, 2023
Morning Brew recently published an article featuring Richard Stuebi, Lecturer of Strategy and Innovation, discussing how the burning of fossil fuels and trapping emissions is a controversial method.
The US fossil fuel giants have been pouring money into carbon capture capacity at industrial facilities that produce or burn gas and oil to promote sustainability. This year, Exxon invested in at least three major carbon capture projects, which will result in emissions reductions equivalent to replacing two million gasoline-powered cars with electric vehicles.
According to Stuebi, greenifying carbon-spewing steel production or fuel-intensive air travel would be prohibitively expensive. He thinks some form of carbon capture could be a viable solution.
Carbon capture may not be able to solve our emissions problem, as oil producers often are too optimistic about the ability of new technologies to achieve net-zero goals with little focus on solar and wind energy.