How Carbon Capture Technologies Work and Why They Just Might Save Your Assets

Carbon capture may be the optimal solution for an oil and gas industry striving to meet the dual demands of higher energy production and elimination of the CO2 emissions that come with it.

Carbon capture may be the optimal solution for an oil and gas industry striving to meet the dual demands of higher energy production and elimination of the CO2 emissions that come with it. (Source: HartEnergy.com; SWEviL, UVgreen, jaideephoto/Shutterstock.com)

Adopting carbon capture technologies won’t be easy and it definitely won’t be cheap. But doing so preserves the possibility of allowing the oil and gas industry to continue to thrive when sometimes it seems the whole world wants it to die.

Pressures from an accelerating energy transition are amped up on multiple fronts. In policy, some of the strategies aimed at combating climate change often seem indistinguishable from those designed to combat the use of fossil fuels altogether. In investing, it has become untenable for some to risk their funds on oil and gas.

But carbon capture offers a way for the industry to clean up after itself, so to speak. Vicki Hollub, president and CEO of Occidental Petroleum Corp., insists the oil and gas business case for carbon capture technologies is a strong one.

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Joseph Markman

Joseph Markman, senior editor for Hart Energy, covers midstream, markets and policy/regulations.