The Biden administration on Thursday unveiled a power plant emissions rule whose effectiveness at slashing planet-warming pollution would heavily depend on a major expansion of carbon capture, an oil industry-backed technological scheme that climate advocates view as wasteful, ineffective, and actively harmful. The Environmental Protection Agency's newly proposed emission standards for coal- and gas-fired power plants were described as the most strict ever proposed in the U.S.
' In a recent report, FWW analyzed major carbon capture projects and found that the technology's 'track record makes it appear to be a handout to fossil fuel corporations, publicly financing their attempts to keep their harmful product viable.' Despite such findings, the EPA determined in its new rule proposal that 'carbon capture represents a 'best system of emissions reduction,' which means it's been adequately proven,' Politico noted Thursday.