Occidental says the captured carbon will be stored in rock deep underground, but its website also refers to the company’s use of captured carbon in a process called “enhanced oil recovery.” This involves pushing carbon into wells to force out the hard-to-reach remnants of oil — allowing fossil fuel companies to extract even more from aging oil fields.
Well, they have to sell the carbon they capture to make money. If you suck up carbon and put it underground, where’s your revenue stream? The ground ain’t paying you to stuff it full of carbon. These big vacuums ain’t free, they have to pay for them somehow.
Occidental is the oil company - they aren’t going to sell the carbon to themselves, they are just going to use it to pump more oil out of old wells compounding the effect
It’s for profit. They aren’t doing it for funsies or to help environment
Well, they have to sell the carbon they capture to make money. If you suck up carbon and put it underground, where’s your revenue stream? The ground ain’t paying you to stuff it full of carbon. These big vacuums ain’t free, they have to pay for them somehow.
Occidental is the oil company - they aren’t going to sell the carbon to themselves, they are just going to use it to pump more oil out of old wells compounding the effect
It’s for profit. They aren’t doing it for funsies or to help environment
They’re essentially using it for fracking so it’ll end up in the water supply.
We get free bubbly water? I don’t see any downsides at all.