The oil industry’s carbon capture plan won’t help Texas’ most polluted communities

  • 📰 verge
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 67%

Business News News

Business Business Latest News,Business Business Headlines

Oil giant Occidental plans to build a new carbon capture hub in Texas. But the technology doesn’t help clean up nearby neighborhoods burdened with the most pollution.

A controversial tactic for slowing climate change is picking up steam in Texas: capturing carbon dioxide emissions from smokestacks. While that might reduce CO2 emissions heating up the planet, it could pose new problems for communities already saddled with industrial pollution. Oil giant Occidental announced late last week that it leased 55,000 acres along the Gulf Coast of Texas to build out a hub for carbon capture technologies.

companies can plug into this hub for access to shared carbon infrastructure,” Jeff Alvarez, president of the Occidental subsidiary 1PointFive Sequestration, said in the announcement. Sharing that infrastructure helps solve a big problem for carbon capture: that it’s been prohibitively expensive to deploy. Building a hub near a high concentration of refineries and chemical plants means Occidental will get more bang for its buck.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 94. in BUSİNESS

Business Business Latest News, Business Business Headlines