Big Oil’s Carbon Capture Conundrum

Hard-to-abate industries, particularly oil and gas, are racing to increase their carbon capture capacity as they strive to decarbonise operations. Despite being some of the biggest carbon emitters, many oil and gas majors are optimistic they can dramatically reduce their emissions by using carbon capture and storage (CCS) technology. This is, realistically, one of the few ways that oil and gas companies can reduce while keeping their fossil fuel output high. However, energy experts and environmentalists are now worried that Big Oil is becoming…