November 23, 2023

The oil and gas industry needs to let go of the “illusion” that carbon capture technology is a solution to climate change and invest more in clean energy, the head of the International Energy Agency said Thursday.

“The industry needs to commit to genuinely helping the world meet its energy needs and climate goals – which means letting go of the illusion that implausibly large amounts of carbon capture are the solution,” IEA Executive Director Fatih Birol said in a statement ahead of the United Nations Climate Change Conference in Dubai next week.

The technology captures carbon dioxide from industrial operations before emissions enter the atmosphere and stores it underground.

Read more:

https://www.cnbc.com/2023/11/23/oil-and-gas-industry-needs-to-let-go-of-carbon-capture-as-solution-to-climate-change-iea-says.html