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Biden administration invests in carbon capture, upping pressure on industry to show results

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Similar to Gov. Mike Dunleavy's proposal in Alaska, the U.S. government is increasing pressure on the carbon capture and storage industry to show that the technology can significantly help combat climate change.

In some instances, the carbon dioxide is transported across states through pipelines and stored at facilities and used for other things.

The bulk of the money, $242 million, is going toward nine new or expanded large-scale carbon storage projects with capacity to hold at least 50 million metric tons of carbon dioxide, a tiny fraction of how much is put into the atmosphere. The U.S. released about 5.5 billion metric tons of carbon dioxide in 2021, according to the Environmental Protection agency.

 

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