Gas industry and Coalition reach for a get-out-of-catastrophe-free card in climate crisis Monopoly | Temperature Check

After the CO2 is extracted, what’s left is mostly methane to be compressed to liquefied natural gas and transported overseas where it is burned, releasing far more CO2 than is captured.

No matter what the claims, carbon capture and storage is not working at anywhere close to a scale that would significantly lower emissions – despite the billions in taxpayers’ cash thrown at it over the years. Appea told this column the 166 Mt figure is from the government’s long-term emissions reduction plan report. But that report does not say how the figure is calculated – just that it came from unpublished analysis by the department of industry.

“The figure is simply wrong. The idea that LNG is substituting coal is wrong. It’s not occurring,” said gas industry finance analyst Bruce Robertson of the Institute forEconomics and Financial Analysis, a thinktank tracking the transformation of the world’s energy systems.

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