Halting global warming by sucking carbon dioxide out of the air strikes many people as a dumb idea. It’s complicated and energy-intensive. Why not focus on keeping more greenhouse gases out of the atmosphere in the first place—say, by installing more solar and wind power? Stanford engineering professor Mark Jacobson told the Israeli newspaper Haaretz in early December that “carbon capture is the Theranos of the energy industry,” referring to the company that built false hopes for blood diagnostics.
Some critics even argue that “direct air capture” of CO2 is a form of greenwashing—i.e., putting a gloss of environmentalism on the dirty business of hydrocarbon production. They point to the involvement of oil companies Chevron, Exxon Mobil, and Occidental Petroleum, which intend to use captured CO2 to recover more oil from their fields.
The companies leading the commercialization of direct air capture—Carbon Engineering of Canada, Climeworks of Switzerland, and Global Thermostat of the U.S.—say the technology is meant to supplement, not replace, shifts to solar and wind power. They reject the charge of greenwashing, saying the use of CO2 in oil fields is a transitional step in the decarbonization of the global economy. One longterm plan is to inject the captured gas into basalt rock formations to remove it from the atmosphere.
This story is from the December 23, 2019 edition of Bloomberg Businessweek.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 23, 2019 edition of Bloomberg Businessweek.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Instagram's Founders Say It's Time for a New Social App
The rise of AI and the fall of Twitter could create opportunities for upstarts
Running in Circles
A subscription running shoe program aims to fight footwear waste
What I Learned Working at a Hawaiien Mega-Resort
Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.
How Noma Will Blossom In Kyoto
The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking
The Last-Mover Problem
A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps
Tick Tock, TikTok
The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban
Cleaner Clothing Dye, Made From Bacteria
A UK company produces colors with less water than conventional methods and no toxic chemicals
Pumping Heat in Hamburg
The German port city plans to store hot water underground and bring it up to heat homes in the winter
Sustainability: Calamari's Climate Edge
Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment
New Money, New Problems
In Naples, an influx of wealthy is displacing out-of-towners lower-income workers