Carbon capture and storage (CCS) is an expensive and unproven technology that distracts from global decarbonization efforts while allowing the oil and gas industry to conduct business as usual.
Even if realized at its full announced potential, CCS will only account for about 2.4% of the world’s carbon mitigation by 2030, according to the Intergovernmental Panel on Climate Change (IPCC). It’s worth noting that not one single CCS project has ever reached its target CO2 capture rate. CCS does not deserve the equal billing that fossil fuel preservationists are giving it next to proven solutions.
See Carbon Capture and Storage: An Unproven Technology for more information.