ExxonMobil’s carbon capture plan to fight climate change sparks Montana battle

The remote stretch of public grazing land in southeastern Montana has hardly changed since homesteading days, but underneath this wind-swept expanse lies a hidden asset in high demand: thousands of acres of porous rock where oil company executives say greenhouse gas could be piped in from afar and stored forever.

ExxonMobil and the Biden administration see in the grassy 100,000 acres a launchpad for one of the world’s most audacious climate experiments, a plan to take emissions spewing from power plants and factories and trap them underground where they cannot contribute to global warming. The scheme is inching forward despite criticism it will permit polluters to keep polluting while slowing the transition to solar and wind energy. And now sponsors face the additional hurdle of intense local opposition.

Source link

Related Posts

Heathrow reopens after blaze but airlines warn of more disruption

Heathrow airport reopened on Saturday morning following a complete shutdown caused by an electrical outage, but airlines warned of further disruption as they restarted operations. Thomas Woldbye, Heathrow’s chief executive,…

Read more

James Ginns: The Heathrow fire shows Britain has a resilience problem

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is head of risk management policy at The…

Read more

The misinformation discourse is a distraction

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In economics, shifting from a concentrated market with a handful…

Read more

A Denmark state of mind

Stay informed with free updates Simply sign up to the Life & Arts myFT Digest — delivered directly to your inbox. A nation that has 44 Michelin stars, earns a…

Read more

Can the dollar remain king of currencies?

When economists seek to account for the dollar’s outsize role as the only true global currency, they point to structural factors such as the US share of world GDP, or…

Read more

Trump revokes security clearance for Kamala Harris and Hillary Clinton

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US President Donald Trump has revoked security clearances…

Read more

Leave a Reply