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Cake day: July 10th, 2023

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  • All the carbon removal equipment in the world is only capable of removing around 0.01 million metric tons of carbon a year, a far cry from the 70 million tons a year needed by 2030 to meet global climate goals, according to the International Energy Agency.

    There are already much bigger DAC plants in the works from other companies. Stratos, currently under construction in Texas, for example, is designed to remove 500,000 tons of carbon a year, according to Occidental, the oil company behind the plant.

    But there may be a catch. Occidental says the captured carbon will be stored in rock deep underground, but its website also refers to the company’s use of captured carbon in a process called “enhanced oil recovery.” This involves pushing carbon into wells to force out the hard-to-reach remnants of oil — allowing fossil fuel companies to extract even more from aging oil fields.

    I don’t know what you’re talking about, everything seems fine here.