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Carbon capture not a climate solution, says IEEFA report

Considered by many as an essential component in the pathway to decarbonisation, carbon capture has been found to be consistently over delivering and underperforming, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). ....

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IEEFA: Shute Creek – world's largest carbon capture facility sells CO2 for oil production, but vents unsold

1 March 2022 (IEEFA) – ExxonMobil has consistently failed to reach carbon dioxide (CO2) capture capacity in its long-running Shute Creek carbon capture utilization & storage (CCUS) project and has vented captured CO2 back into the atmosphere when it couldn’t be sold to companies extracting more oil from depleted reservoirs, finds a ....

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If Chevron, Exxon and Shell can't get Gorgon's carbon capture and storage to work, who can?

27 April 2022 (IEEFA): At a cost of more than A$3 billion, Gorgon, the largest carbon capture and storage (CCS) project in the world has failed to deliver, underperforming its targets for the first five years of operation by about 50% finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). ....

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IEEFA: If Chevron, Exxon and Shell can't get Gorgon's carbon capture and storage to work, who can? - Institute for Energy Economics & Financial Analysis

The A$3bn Gorgon facility in Western Australia, the largest carbon capture and storage (CCS) project in the world, fails to hit targets by about 50%. ....

Milad Mousavian , Kate Finlayson , Bruce Robertson , Institute For Energy Economics , Energy Economics , Financial Analysis , Carbon Capture Utilisation , Western Australia , Gorgon Carbon Capture , West Australian Government , Australian Carbon Credit Units , Federal Government , Storage The Sting ,

IEEFA: KEXIM delays investment in Santos's Barossa gas project despite the company's carbon capture aspirations, citing concerns

The Import-Export Bank of South Korea’s (KEXIM) board to delay a $330 million credit facility for Santos's Barossa gas project, citing environmental and legal factors. ....

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