(Inside Climate News) With his climate agenda stalled in Congress, President Joe Biden has managed to win billions in federal spending for one pillar of his platform that is gaining increased attention globally: carbon capture.
In a major win for oil, coal, utilities and other industries, the federal government is poised to make its largest investment ever—more than $12 billion from last year’s infrastructure bill—in technologies that capture carbon dioxide from smokestack emissions or straight from the air.
ExxonMobil, Southern Company and other oil fossil fuel giants have promoted carbon capture and storage as a tool for cutting emissions for more than a decade, with little to show for it.
Still, carbon capture is gaining traction with politicians in both parties, policy experts, scientists and even some environmentalists who say that the threat of climate change is so dire that it requires every possible solution.
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