Flagship project burnishes climate credentials of Shell and Exxon, while state assumes lion's share of the risk.
Green targets are hindering roll-out of projects based on fossil fuels, executives warn conference in Rotterdam.
Documents show industry has spent years studying how to harness carbon capture projects for a process known as “enhanced oil recovery.”
Oil Change International data shows governments have pledged $200 billion in subsidies for CCS globally.
A DeSmog review of 12 large-scale projects reveals a litany of cost-overruns and missed targets, with a net increase in emissions.
The oil industry’s push to portray carbon capture as a climate solution at COP28 obscures how the technology is really being used.
