By Brad Johnson,
BIC Magazine, Apr. 4, 2023
Carbon capture, the process by which man-produced carbon dioxide is pulled from the air or caught before it’s released, is en vogue at the moment, and various proposals at the Texas Legislature would give it a financial push.
Industrial processes produce all kinds of emissions including carbon dioxide, the emission amount of which has decreased substantially since 2007. But carbon capture is increasingly viewed as a way to further reduce those emissions without stunting oil and gas production, exactly the reason it is opposed by certain corners of the environmentalist left.
“[Carbon capture technologies] are meant to give cover for extremely damaging activities, i.e., the continual and increasing extraction and usage of fossil fuels,” the Lone Star Chapter of the Sierra Club wrote in 2021.
For on-site carbon capture systems, the gas is collected, turned into a liquid, and then transported to another location for storage, usually pushed deep into bedrock formations. Other opponents are concerned the injections may cause an uptick in seismic activity, something about which studies have very mixed conclusions.
It’s an energy-intensive process and thus costs a pretty penny.
As of 2020, it was estimated carbon capture and storage can cost between $50 and $100 per metric ton, leading many to look to the government for funding or tax credits.
The Biden administration is all for carbon capture, a middling option included in their goal by 2030 to reduce U.S. emissions 40 percent below 2005 levels, a target to which the country is already halfway without implementing any sweeping policy changes.
The U.S. government offered up $3.7 billion to construct four regional “Direct Air Capture” facilities and expanded tax credits for carbon capture in the Inflation Reduction Act of 2022.
Congressman Dan Crenshaw (R-TX-02) is also a big proponent of the technology, authoring and passing two bills on the subject signed into law in 2020.
Read the full article on BIC Magazine.