Big Oil’s Favorite Climate Change Solution

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8 ай бұрын

This year’s United Nations climate summit will be the biggest in history-and the first held in a major petrostate. Host United Arab Emirates wants to bring the fossil fuel industry into the climate fold, but to make that happen requires wide deployment of carbon capture and storage. Proponents argue the new technology could help preserve the energy security of fossil fuels without the emissions. Critics say it’s unproven at scale and a convenient fig leaf for Big Oil.
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Пікірлер: 155

@business 5 ай бұрын

Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: www.bloomberg.com/subscriptions?in_source=KZfaqOriginals

@ryangemmatin-ao3817 8 ай бұрын

"Employing them right now is costly, so maybe later" - Oil Industries hahaa

@Diode5 8 ай бұрын

It's poor value for money for the reduction in carbon it delivers. These oil companies have a lot of money to spend, and the only reason they are spending it on carbon capture is to to keep the existing business model alive. For every year carbon capture fails to deliver reductions in carbon they should be forced to redirect that investment into other technologies that help abate or reduce carbon, at a higher rate than carbon capture.

@chaoticrealm777 8 ай бұрын

I agree with you but your comment does not provide any other definitive solution for what can be done to pull existing C02 from the atmosphere. Nothing comes to my mind for what that might be since what little I've read has boiled down to "there isn't any other effective solution". Like say plant trees? That would take years and so much land that at this point in history it isn't the solution needed right now.

@alvagoldbook2 8 ай бұрын

Carbon capture is pointless since CO2 emissions do not cause climate change.

@oleonard7319 8 ай бұрын

@@chaoticrealm777 carbon capture doesn't work. see Gorgon

@emptyshirt 8 ай бұрын

@@chaoticrealm777 The solution is to reduce emissions 20 years ago. Since we can't do that, reduce emissions now. Carbon capture isn't the transistor. It isn't going to get 10x better in 7 years, its going to get 10% better in 7 years. Stop feeding the petro companies easy government dollars.

@Diode5 8 ай бұрын

@@chaoticrealm777 There is no definitive solution for carbon capture. No one is arguing against having a technical ability to capture carbon. But it's misnomer to say there is a definitive and effective way to capture carbon. There is only going to be so much money to go around to help solve the problems, and where money is spent on ineffective solutions then there needs to be more accountability and pressure to reduce carbon output. The cost of carbon capture research and pilot programs can't bee seen as just another cost of doing business. Failure of the programs to deliver needs to come with more penalty.

@UXTROM 8 ай бұрын

People are running carbon capture machine with carbon generating energy sources .

@buzzlightyearlight1247 3 ай бұрын

Lou

@williamrichardson2596 8 ай бұрын

Is there anything in this world that isn't a scam?

@EngAlperDemir 8 ай бұрын

No.

@gitfted_by_AI 8 ай бұрын

@@EngAlperDemirbiggest cam ever life expectancy of this machine will be enough to capture the CO2 produced for making it 😂😂😂

@ewanjones9743 8 ай бұрын

@@gitfted_by_AI the lifecycle of these machines takes the CO2 created from their production and operation into account. They are still CO2 negative as a result.

@SubvertTheState 8 ай бұрын

@@ewanjones9743 They still can't be seriously wasting people's time with ACTUALLY doing this right?

@commie563 8 ай бұрын

We live in a capitalist world, so answer is no

@jimysk8er 8 ай бұрын

ultimately the world needs to run at net negative as quickly as possible. you can not let oil companies profit from extraction and sequestration, it has to be one or the other otherwise they are just being paid to photosynthesize inefficiently.

@gazynaz 8 ай бұрын

You missed a key discussion point, CCS tech requires energy so question is what is the source of that energy and is it part of the carbon accounting

@BobQuigley 8 ай бұрын

It doesn't WORK! Capiche? Its been trialed for over two decades.

@symondssays 8 ай бұрын

Fracking didn't 'work' the first 50 years .... Then it worked, way too well...

@suptumberlumbertumberlumbe9305 8 ай бұрын

Kebeach! (Dim glowing black shell night light in upstairs bathroom )

@buzzlightyearlight1247 3 ай бұрын

Beach shells

@Zeitgeistboxee 8 ай бұрын

Don't look up.

@buzzlightyearlight1247 3 ай бұрын

Uh oh.. dots on the clouds!!.. sparkles on the clouds.. sky went pitch black in this small area with a big boom!! Help!! Heeelp!!

@ayysweetstea9339 8 ай бұрын

Wow crazy information!

@Autovetus 8 ай бұрын

This has not even been proven to work , and you are already criticizing it will help the oil sharks ?!?

@annking1576 8 ай бұрын

Oil Companies Are Pumping Worthless Oil Back Underground. So what is that doing to aquifers as they've already broken or "fracked" the ground?

@paulmontague4918 8 ай бұрын

Direct Air Capture is nuts … plant trees the perfect DAC machine. There is plenty of CO2 coming from the vent stacks on amine units that can be sequestered today.

@user-mu3iy8fq3d 8 ай бұрын

Reforestation initiatives assume significance, serving as a potent tool for carbon sequestration, countering the effects of rampant deforestation and land degradation.

@oleonard7319 8 ай бұрын

It doesn't work so long as we are increasing fossil fuel use

@ronaldgarrison8478 8 ай бұрын

2030 is not any special date WRT carbon capture. Talking about it in that way implies using carbon capture to offset fossil fuel use. That applies whether you're talking about CCS on coal plants, or direct air capture. **None of that is going to happen.** First, renewable energy will ramp up; THEN, direct air capture will ramp up soon after. Anything else is simply irrational.

@TennesseeJed 8 ай бұрын

Thermodynacally impossible unless you want to spend as much or more energy than hydrocarbon gave out initially. There is a game, you can't win, you can't break even and you can't quit.

@PAOLOVER101 8 ай бұрын

Blatantly mixing up CDR and CCS

@Sum_Guy 8 ай бұрын

Use carbon to capture carbon and store it where?

@buitenzorg5970 8 ай бұрын

exactly. the only solution to carbon pollution is to not making it in the first place.

@JOSEPHCHARLESCOLIN2024 8 ай бұрын

Carbon I'm developing right now Is a high pressure Jet the shoots up into space only 4% makes it out into space but it works .

@philliprobinson7724 6 ай бұрын

Hi JOSEPH. A space gun, huh? And long before it runs out of ammunition, all vegetable life on earth will cease. We don't need to get rid of anything, we just need to bring out atmosphere back into balance. Read the book "From earth to the moon" by Jules Verne, you'll love it. Cheers, P.R.

@JOSEPHCHARLESCOLIN2024 6 ай бұрын

i left the earth long ago i live on mars on secret usa base @@philliprobinson7724

@Tarquin2718 8 ай бұрын

Carbon capture will never be a solution. CO2 is 442ppm that will never work. You could however capture it at the points where the CO2 is created, but we should have build these 20 years ago, why did we not do this? Money.

@bluettr250 8 ай бұрын

Sorry kids, this snake oil isn’t making wall st enough money. So we need to fleece more.

@2008TheNemesis 8 ай бұрын

Nobody wants to talk about what these plants will be powered by 😂😂😂... nuts

@ewanjones9743 8 ай бұрын

Biggest plant is in Iceland where it's powered by sustainable, geothermic energy. But more investment in renewables will need to happen.

@arcodax3302 8 ай бұрын

@2008TheNemesis Reading someone with common sense in the comments makes my day

@ezequielfrutos4695 8 ай бұрын

why no reforest land insted?, it is a lot cheaper, i dont think the way is to pump the CO2 back to the earth were it come from.

@2008TheNemesis 8 ай бұрын

@@ewanjones9743 and yet... how much carbon is there to sequester in Iceland... where to put it? Land is literally blowing itself apart from volcanic activity

@2008TheNemesis 8 ай бұрын

@@arcodax3302 thank you... the gospel of common sense must continue... why must we lie to each other in real time.

@zunriya 8 ай бұрын

Tree= easy capture mate

@NadidLinchestein 8 ай бұрын

We can never have enough tress to capture all the carbon we need to capture.

@Roman_ROCMP 8 ай бұрын

@@NadidLinchesteinwho sets the goal or the "need" for "capturing" this or that gas? On what authority? Why should anyone follow it?

@ewanjones9743 8 ай бұрын

Trees are an important part to capture CO2 but they alone cannot remove the excess produced from burning fossil fuels. There isn't enough land mass available in the world and climate change increases the risk of forest fires and disease which puts the CO2 back up there again.

@Dr.Geoscience 8 ай бұрын

@@ewanjones9743 Around 0.9 billion hectares of land worldwide would be suitable for reforestation, which could ultimately capture two thirds of human-made carbon emissions. The Crowther Lab of ETH Zurich has published a study in the journal Science that shows this would be the most effective method to combat climate change.

@chow-chihuang4903 8 ай бұрын

Bogs, marshes, grasslands, trees, all of it. But much better to not burn the materials in the first place.

@dmo9314 8 ай бұрын

Why does Bloomy always put such a negative spin on CCUS.

@DgurlSunshine 8 ай бұрын

CRIMINALS!

@buzzlightyearlight1247 3 ай бұрын

Monitors

@TreDogOfficial 8 ай бұрын

I wonder if oil companies could invest in SynGas carbon capture technology. Of course that means the carbon would go back in the atmosphere. But it would greatly reduce emissions plus the oil companies would have a future once petroleum reserves deplete.

@spillarge 8 ай бұрын

The whole thing is rubbish. Iceland is opening up all over the place at the moment and some geologists think we are re-entering a cycle of 350 years of more volcan activity in the world. The same natural CO2 trace compound is pouring out into the atmosphere because almost all of it is underground already. These UN muppets can't compete with the natural environment. The amount of CO2 that comes from just one eruption in just a few weeks is more than any of these idiots can pump underground in ten years and there are almost 900,000 known to be active volcanic vents and volcanoes all over the world all producing CO2. How many of these 900,000 active volcanoes and vents do you think they have bothered to survey?

@marklasky3555 8 ай бұрын

Only a fool would want petroleum to deplete

@TreDogOfficial 8 ай бұрын

@@marklasky3555 It's not about 'wanting' oil to run out (become depleted). I wish we had unlimited oil reserves too. However, oil is non-renewable. Earth's prehistory is only a few billion years. We have to start thinking beyond the next few centuries.

@marklasky3555 8 ай бұрын

@@TreDogOfficial Ah, no we don't its a natural resource and there is plenty of it.

@incognitotorpedo42 8 ай бұрын

@@marklasky3555 You don't understand the whole climate change problem, do you?

@tannerroberstsonski2022 6 ай бұрын

So far they recapture less than 0.001% of emissions generated

@ropro9817 8 ай бұрын

Lol, I thought that Big Oil's favorite climate change solution was misinformation 😂

@marklasky3555 8 ай бұрын

About?

@BananaBoy-bp9qd 8 ай бұрын

@marklasky3555 if it's real, how damaging it is, how vital oil is and disproving alternatives.

@jimthain8777 8 ай бұрын

It is, and carbon capture part of that misinformation campaign.

@SteffiReitsch 8 ай бұрын

@@marklasky3555 About? AHAHAHAHAHAHAH About funding climate science denial for the last 40 years.

@marklasky3555 8 ай бұрын

@@SteffiReitsch It's a cult now..easily disproven and you fell for it

@LankCo. 8 ай бұрын

Why not put carbon capture on everyone’s cars?

@balazstivadar8631 8 ай бұрын

Coal is already dying fast, since it cannot compete with renewables on price. Gas, oil and nuclear face a similar fate in the following eight to ten years. Wind, solar and batteries are going to wipe them out big time.

@IFTHENGEO 7 ай бұрын

if my grandma had wheels she would have been a bike.

@nobody687 8 ай бұрын

This is just a show for entertainment and, carbon capture doesnt work

@itsallagame2013 8 ай бұрын

Direct Capture plants... bascially destroy land to build them, mine minerals to build the plant, ship them from all across the world; very sustainable indeed. 😂😂😂🤣🤣🤣🤣 Plus we would need millions of this plants.....paaaaassss

@TechnicalShivam-bh1hv 7 ай бұрын

Love You All Sir Ji and All Mam❤❤❤.(Please Save the Earth🙏🙏🙏) (कृपया पृथ्वी को बचाएं🙏🙏🙏)

@skullandbones1832 8 ай бұрын

💚

@ajsong 8 ай бұрын

Promising tech that will take time to scale. I heard one of the bottlenecks is the lack of welders. In the meantime we need to consider other mitgation techniques to reduce the catastrophic climate events that are going to occur if we keep pumping more CO2 into our atmosphere. Look into stratospheric aerosol injection.

@craigrobinson1234567 8 ай бұрын

😂🤦

@rajsingh7039 8 ай бұрын

I agree

@DS-do9eq 8 ай бұрын

It's nonsense!😂

@buzzlightyearlight1247 3 ай бұрын

Deedee bathroom lught

@larrydugan1441 8 ай бұрын

Will we be able to get the CO2 back out of the ground in time for the next ice age?

@crstyalrepoosoot9 8 ай бұрын

😮

@sagebeer 8 ай бұрын

Battery energy storage combined with nuclear energy fuels seem like a no brainer combination, as a double hedge atleast.

@ropro9817 8 ай бұрын

It's no wonder gen Z is having a meltdown. We're doomed. 😆

@sakroo19 8 ай бұрын

Not only Gen Z. I wonder, where will the big oil go? Mars? Do they have a secret bunker when we all burn. So don't worry. You can't eat money when there's nothing left 😊

@niceguy100000 8 ай бұрын

Horrible video. Carbon capture AND? Storage? Something else? Energy source of the carbon capture? Is fossil fuel widely used for carbon capture and storage? Argh.

@DanielLarsonfamilyaccount 8 ай бұрын

❤

@cyber_space09 8 ай бұрын

😁👍👍👍🚨📝✅

@pn4960 8 ай бұрын

Funny that it doesn’t work

@ewanjones9743 8 ай бұрын

... but it literally does work

@buzzlightyearlight1247 3 ай бұрын

@@ewanjones9743fire 23 werk

@skyworks1621 8 ай бұрын

We are way to slow with stoping CO2. We are just going forward like nothing will change our lives and future generations. We dont think about somebody born in 2075 who will have a very hard time on this warm and dangerous planet, full of drout, violent weather events and hunger. Welcome to the future

@levertmalatji-oj9ok 8 ай бұрын

Really, who want to go green.

@buzzlightyearlight1247 3 ай бұрын

People who love the smell of vinegar

@KenGray 8 ай бұрын

There's a dirty little secret in the climate change discussion but this ain't it.

@spillarge 8 ай бұрын

Yeah, the secret is that its all garbage.

@buzzlightyearlight1247 3 ай бұрын

True lamp with strings that has a danny reflection on the ceiling from it

@christineholloway8321 8 ай бұрын

Hydrogen is coning for cars ❤x

@buryitdeep 8 ай бұрын

You do realise that carbon capture comes back out with a geomorphic fault right? How ever many gigatonnes you capture and push into the rock, one fracture, and we get 5 years of C02 in a day. Imagine what that will do?

@ewanjones9743 8 ай бұрын

Not all carbon capture. Some, yes. It's stored as a gas in the same places that natural gases were stored away before. Other CO2 is mineralized and turned into a fine powder. That way the process is irreversible and does not have the same risk.

@chow-chihuang4903 8 ай бұрын

Sadly, the mineralization process is not what is mostly being practiced. CO2 pipelines will also be an issue. Pipelines eventually develop leaks. Has already happened. CO2 is denser than air and will make people very sick, possibly with chronic effects, possibly fatal if people are exposed at high enough concentrations long enough.

@buryitdeep 8 ай бұрын

This is the equivalent of sweeping the problem under the rug and out of sight

@ewanjones9743 8 ай бұрын

@@chow-chihuang4903 the same could be said for methane which is also in our geological storage as a gas but is generally trapped there too. It's possible to be kept as a gas long term.

@ewanjones9743 8 ай бұрын

@@buryitdeep what's the solution? I don't mean to avoiding increased planetary warming, for that we need massive decrease in use of fossil fuels. I mean for the huge excess of CO2 that already exists in the atmosphere, is already having such catastrophic effects and takes hundreds to thousands of years to be naturally removed.

@teriyade 8 ай бұрын

1st

@chetsjug 8 ай бұрын

It's been proven we need more carbon in the atmosphere and yet these insane people just keep going like it never happened. Why do you think nurseries use smudge pots and bottled carbon dioxide to enrich in the atmosphere inside a greenhouse so the plants can grow faster

@imeakdo7 8 ай бұрын

where is it proven i want to read it

@ewanjones9743 8 ай бұрын

Sources please. Enriched CO2 can be useful in greenhouses for plant growth. It is not useful on a planet scale to trap more heat and alter the climate patterns.

@chow-chihuang4903 8 ай бұрын

And only for some plants at that. For some it’s neutral, for some it hinders growth and/or reduces nutritional value as it reduces mineral uptake or creation of proteins.