Big Oil’s Favorite Climate Change Solution

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  • Опубликовано: 6 окт 2024
  • 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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Комментарии • 153

  • @business
    @business  7 месяцев назад

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

  • @ryangemmatin-ao3817
    @ryangemmatin-ao3817 10 месяцев назад +34

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

  • @Diode5
    @Diode5 10 месяцев назад +40

    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
      @chaoticrealm777 10 месяцев назад

      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
      @alvagoldbook2 10 месяцев назад

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

    • @oleonard7319
      @oleonard7319 10 месяцев назад +1

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

    • @emptyshirt
      @emptyshirt 10 месяцев назад

      @@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
      @Diode5 10 месяцев назад

      ​@@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
    @UXTROM 10 месяцев назад +28

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

  • @williamrichardson2596
    @williamrichardson2596 10 месяцев назад +25

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

    • @EngAlperDemir
      @EngAlperDemir 10 месяцев назад +4

      No.

    • @gitfted_by_AI
      @gitfted_by_AI 10 месяцев назад +1

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

    • @ewanjones9743
      @ewanjones9743 10 месяцев назад +1

      @@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
      @SubvertTheState 10 месяцев назад +1

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

    • @commie563
      @commie563 10 месяцев назад

      We live in a capitalist world, so answer is no

  • @jimysk8er
    @jimysk8er 10 месяцев назад +12

    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
    @gazynaz 10 месяцев назад +2

    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

  • @ropro9817
    @ropro9817 10 месяцев назад +11

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

    • @marklasky3555
      @marklasky3555 10 месяцев назад +1

      About?

    • @BananaBoy-bp9qd
      @BananaBoy-bp9qd 10 месяцев назад +2

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

    • @jimthain8777
      @jimthain8777 10 месяцев назад

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

    • @SteffiReitsch
      @SteffiReitsch 10 месяцев назад +2

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

    • @marklasky3555
      @marklasky3555 10 месяцев назад

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

  • @Zeitgeistboxee
    @Zeitgeistboxee 10 месяцев назад +3

    Don't look up.

    • @buzzlightyearlight1247
      @buzzlightyearlight1247 5 месяцев назад

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

  • @annking1576
    @annking1576 10 месяцев назад +2

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

  • @Tarquin2718
    @Tarquin2718 10 месяцев назад +1

    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.

  • @PAOLOVER101
    @PAOLOVER101 10 месяцев назад +7

    Blatantly mixing up CDR and CCS

  • @Autovetus
    @Autovetus 10 месяцев назад +1

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

  • @TennesseeJed
    @TennesseeJed 10 месяцев назад +5

    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.

  • @BobQuigley
    @BobQuigley 10 месяцев назад +4

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

  • @paulmontague4918
    @paulmontague4918 10 месяцев назад +1

    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.

  • @zunriya
    @zunriya 10 месяцев назад +9

    Tree= easy capture mate

    • @NadidLinchestein
      @NadidLinchestein 10 месяцев назад +4

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

    • @Roman_ROCMP
      @Roman_ROCMP 10 месяцев назад +2

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

    • @ewanjones9743
      @ewanjones9743 10 месяцев назад +4

      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
      @Dr.Geoscience 10 месяцев назад

      @@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
      @chow-chihuang4903 10 месяцев назад +1

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

  • @ayysweetstea9339
    @ayysweetstea9339 10 месяцев назад +3

    Wow crazy information!

  • @joycejeong-x4b
    @joycejeong-x4b 10 месяцев назад +2

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

    • @oleonard7319
      @oleonard7319 10 месяцев назад

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

  • @Sum_Guy
    @Sum_Guy 10 месяцев назад +5

    Use carbon to capture carbon and store it where?

    • @Zenit_Bourg
      @Zenit_Bourg 10 месяцев назад +1

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

  • @balazstivadar8631
    @balazstivadar8631 10 месяцев назад +3

    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
      @IFTHENGEO 9 месяцев назад

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

  • @JOSEPHCHARLESCOLIN2024
    @JOSEPHCHARLESCOLIN2024 10 месяцев назад +1

    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
      @philliprobinson7724 8 месяцев назад +1

      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
      @JOSEPHCHARLESCOLIN2024 8 месяцев назад

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

  • @ronaldgarrison8478
    @ronaldgarrison8478 10 месяцев назад +1

    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.

  • @tannerroberstsonski2022
    @tannerroberstsonski2022 8 месяцев назад

    So far they recapture less than 0.001% of emissions generated

  • @bluettr250
    @bluettr250 10 месяцев назад +1

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

  • @2008TheNemesis
    @2008TheNemesis 10 месяцев назад +9

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

    • @ewanjones9743
      @ewanjones9743 10 месяцев назад +2

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

    • @arcodax3302
      @arcodax3302 10 месяцев назад +3

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

    • @ezequielfrutos4695
      @ezequielfrutos4695 10 месяцев назад +1

      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
      @2008TheNemesis 10 месяцев назад

      @@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
      @2008TheNemesis 10 месяцев назад

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

  • @nobody687
    @nobody687 10 месяцев назад +1

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

  • @dmo9314
    @dmo9314 10 месяцев назад

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

  • @larrydugan1441
    @larrydugan1441 10 месяцев назад +2

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

  • @DgurlSunshine
    @DgurlSunshine 10 месяцев назад +1

    CRIMINALS!

  • @TreDogOfficial
    @TreDogOfficial 10 месяцев назад +5

    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
      @spillarge 10 месяцев назад

      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
      @marklasky3555 10 месяцев назад +1

      Only a fool would want petroleum to deplete

    • @TreDogOfficial
      @TreDogOfficial 10 месяцев назад

      @@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
      @marklasky3555 10 месяцев назад +1

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

    • @incognitotorpedo42
      @incognitotorpedo42 10 месяцев назад

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

  • @skyworks1621
    @skyworks1621 10 месяцев назад +3

    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

  • @TechnicalShivam-bh1hv
    @TechnicalShivam-bh1hv 9 месяцев назад +1

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

  • @LankCo.
    @LankCo. 10 месяцев назад

    Why not put carbon capture on everyone’s cars?

  • @sagebeer
    @sagebeer 10 месяцев назад +3

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

  • @ropro9817
    @ropro9817 10 месяцев назад +6

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

    • @sakroo19
      @sakroo19 10 месяцев назад +5

      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 😊

  • @itsallagame2013
    @itsallagame2013 10 месяцев назад

    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

  • @ajsong
    @ajsong 10 месяцев назад +3

    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.

  • @Malkava24
    @Malkava24 10 месяцев назад +2

    It's nonsense!😂

  • @pn4960
    @pn4960 10 месяцев назад +2

    Funny that it doesn’t work

  • @niceguy100000
    @niceguy100000 10 месяцев назад

    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.

  • @skullandbones1832
    @skullandbones1832 10 месяцев назад +2

    💚

  • @KenGray
    @KenGray 10 месяцев назад +4

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

    • @spillarge
      @spillarge 10 месяцев назад +3

      Yeah, the secret is that its all garbage.

    • @buzzlightyearlight1247
      @buzzlightyearlight1247 5 месяцев назад

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

  • @buryitdeep
    @buryitdeep 10 месяцев назад +3

    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
      @ewanjones9743 10 месяцев назад +3

      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
      @chow-chihuang4903 10 месяцев назад

      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
      @buryitdeep 10 месяцев назад +1

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

    • @ewanjones9743
      @ewanjones9743 10 месяцев назад

      @@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
      @ewanjones9743 10 месяцев назад

      @@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.

  • @levertmalatji-oj9ok
    @levertmalatji-oj9ok 10 месяцев назад +1

    Really, who want to go green.

  • @christineholloway8321
    @christineholloway8321 10 месяцев назад

    Hydrogen is coning for cars ❤x

  • @chetsjug
    @chetsjug 10 месяцев назад +3

    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
      @imeakdo7 10 месяцев назад +4

      where is it proven i want to read it

    • @ewanjones9743
      @ewanjones9743 10 месяцев назад +2

      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
      @chow-chihuang4903 10 месяцев назад

      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.

  • @cyber_space09
    @cyber_space09 10 месяцев назад +2

    😁👍👍👍🚨📝✅

  • @DanielLarsonfamilyaccount
    @DanielLarsonfamilyaccount 10 месяцев назад

  • @teriyade
    @teriyade 10 месяцев назад

    1st