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Len Rosen's picture
Principal Author and Editor 21st Century Tech Blog

Futurist, Writer and Researcher, now retired, former freelance writer for new technology ventures. Former President & CEO of Len Rosen Marketing Inc., a marketing consulting firm focused on...

  • Member since 2018
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  • Aug 23, 2021

The fossil fuel and energy utility companies are seeing in carbon capture and sequestration (CCS) a way to have their cake and eat it too. Is that why these industries are now lobbying governments to subsidize or pay in full for projects to remove CO2 and methane from the atmosphere?

The profit motive for capturing carbon emissions, the pollution that these companies have largely been responsible for, is now a market opportunity said to be worth as much as $800 billion US annually by 2030. Not bad when you can create a global environmental problem and then have others give you money to partake and profit from the solution. And it appears, governments, both national and local, are in an offering mood.

Matt Chester's picture
Matt Chester on Aug 23, 2021

The fossil fuel and energy utility companies are seeing in carbon capture and sequestration (CCS) a way to have their cake and eat it too.

It also feels a bit like a delay strategy-- they may recognize that the days of fossil fuel on the grid are numbered, but if they can keep the sparkle of promise of CC to allow these plants to be clean in the future, then they can convince more players not to 'prematurely' shut them down. Even if it doesn't come to fruition, it can easily add a decade or two to the energy transition process-- which would come with great profit

Len Rosen's picture
Thank Len for the Post!
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