Carbon capture, utilization, and storage (CCUS) technology represents the fossil fuel industry’s last stand. Hawking expensive, speculative technology to suck CO2 out of the air and store it underground — rather than transitioning away from fossil fuels — enables immensely profitable oil companies to continue business as usual while presenting themselves as part of the solution to the climate crisis.
It’s 100% a scam just like the others, but if it only cost the government $843 I guess we got off lightly on that one.
$843 MILLION