Part 7/12:
An alarming trend has emerged: several fossil fuel companies, instead of focusing on reducing emissions, have pivoted to investing heavily in carbon capture technologies to retain their operational status. The aforementioned ExxonMobil has chosen carbon capture as a cornerstone of its emissions reduction strategy, largely ignoring the renewable energy sector. Moreover, the majority of CCS projects utilize captured CO2 for enhanced oil recovery—effectively using carbon capture to support ongoing fossil fuel production instead of genuinely reducing emissions.