A Carbon Capture Company Wants to Sell Credits on Tech That Hasn’t Been Commercially Tested Yet

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The company plans to open a wood chip burning plant in the U.S. by 2030.

. This could be the largest volume of carbon dioxide removals ever traded based solely on a future power plant, according to Bloomberg.The company claims on its website that storing the emissions from the biomass plants it will build ensures that the electricity generated during the wood chip burning can be considered carbon neutral or even “.” This is because trees absorb carbon as they grow and release oxygen. These claims are tenuous, to say the least.

Drax has conducted small-scale trials on the method it plans to use at the plants since 2019, using technology from a UK-based startup called C-Capture. But the success of these smaller trials doesn’t necessarily mean that this specific technology would work on a commercial scale, Bloomberg points out. The process is also expensive and will have to rely heavily on government subsidies or charging customers higher prices to offset costs.Two licenses for the LOWEST price.

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Carbon Credits are a massive scam/scheme. Just a way for governments to collaborate and collect money from companies, so those companies can maintain their production capacity without cutting back their emissions. Just another example of the government mafia. 😃

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