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Report shows oil and gas companies are cashing in on taxpayer subsidies for carbon capture with little monitoring


Representatives of nations around the world attending the COP28 international climate conference signed an agreement last week that endorsed carbon capture and sequestration by the f****l f**l industry as a strategy for combating g****l w*****g.

In the U.S., the Biden Administration is also pushing carbon capture, with the president last year signing a law, the Inflation Reduction Act, that could provide up to $30 billion in taxpayer subsidies to oil and gas companies, ethanol plants and other industries that capture carbon dioxide from their smokestacks and pipe it underground, allegedly to remove it from the atmosphere permanently.

But a new report by the Environmental Integrity Project shows that federal authorities fail to independently verify that “captured” carbon actually stays underground after companies receive their taxpayer subsidies.

EIP’s analysis of 21 carbon capture monitoring, reporting, and verification plans approved so far by EPA shows that the agency allows f****l f**l companies to write their own rules and plans, does not require specific monitoring strategies or technologies, and requires no third-party verification of data self-reported by companies.

"EIP's report joins a growing body of work demonstrating that federal and state carbon injection well guidelines pose a grave threat to communities and the environment,” said Jane Patton, U.S. fossil economy campaign manager with the Center for International Environmental Law.
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https://mail.google.com/mail/


Report shows oil and gas companies are cashing in on taxpayer subsidies for carbon capture with little monitoring


Representatives of nations around the world attending the COP28 international climate conference signed an agreement last week that endorsed carbon capture and sequestration by the f****l f**l industry as a strategy for combating g****l w*****g.

In the U.S., the Biden Administration is also pushing carbon capture, with the president last year signing a law, the Inflation Reduction Act, that could provide up to $30 billion in taxpayer subsidies to oil and gas companies, ethanol plants and other industries that capture carbon dioxide from their smokestacks and pipe it underground, allegedly to remove it from the atmosphere permanently.

But a new report by the Environmental Integrity Project shows that federal authorities fail to independently verify that “captured” carbon actually stays underground after companies receive their taxpayer subsidies.

EIP’s analysis of 21 carbon capture monitoring, reporting, and verification plans approved so far by EPA shows that the agency allows f****l f**l companies to write their own rules and plans, does not require specific monitoring strategies or technologies, and requires no third-party verification of data self-reported by companies.

"EIP's report joins a growing body of work demonstrating that federal and state carbon injection well guidelines pose a grave threat to communities and the environment,” said Jane Patton, U.S. fossil economy campaign manager with the Center for International Environmental Law.
‍