Their chose different words - instead of "nonviable technology" they say "Actions Needed to Improve Management", but the report speaks for itself.

Of nineteen projects funded, only three are operational - and those three are consistently failing to meet their capture targets.

Carbon capture is not a solution for the climate crisis. We need to stop burning fossil fuels, as soon as possible.

#EndFossilFuels #PhaseOutFossilFuels #ClimateCrisis #CarbonCapture #OilAndGas #OilAndGas #OOTT

Carbon Capture projects are not economically viable, even when they are being lavished with subsidies.

Money, time, and resources are being wasted on these projects, which will have no impact on atmospheric carbon concentrations.

How can we know CCS is not a viable technology? The US Government Accountability Office published a very complete report about the economics of CCS projects in 2021.

#EndFossilFuels #PhaseOutFossilFuels #ClimateCrisis #CarbonCapture #OilAndGas #OilAndGas #OOTT

How did geese end up being icons of righteous accountability and retribution?

Cc @solar_chase

#EnergyTransition #Hydrogen #OOTT #Energymastodon

It's three years since Exxon Mobil was kicked out of the Dow Jones Industrial Average, in what was described as a triumph of green over greed. It's time to revisit its membership, argues @JavierBlas #OOTT $XOM https://trib.al/nsKYkyo via @opinion #press

Crosspost from Twitter by @JavierBlas:

In 23 years covering OPEC, this is a first.

Under pressure from Saudi Arabia, OPEC has banned journalists from Reuters, the Wall Street Journal, and Bloomberg (including myself) from attending the group’s ministerial meeting in Vienna this weekend #OOTT
bloomberg.com/news/articles/…

https://nitter.net/JavierBlas/status/1664005711737544704#m

Saudi Aramco's $2 trillion valuation relies more on smoke and mirrors than the market’s collective wisdom, argues @JavierBlas #OOTT https://trib.al/smMQNsH via @opinion #press

🍿🍿🍿

RT @JavierBlas@twitter.com

War of words between OPEC and IEA | #OOTT

🐦🔗: https://twitter.com/JavierBlas/status/1651528309929541637

Exxon finished the first quarter with $32.7 billion in the bank. That's a nice problem to have, says @JavierBlas #OOTT $XOM https://trib.al/VcUTDPu via @opinion #press

With additional oil refining capacity coming onstream, fuel prices should abate and inflation should ease, argues @JavierBlas #OOTT https://trib.al/HgDhc8m via @opinion #press

RT @Sino_Market
WTI crude futures extend gains to more than 7% in early Asia trading. #OOTT #OPEC

Consistently amazing levels of regulatory oversight in the Texas energy sector.

"For decades, Tom Craddick has sat on the Texas house committee overseeing the oil industry.

His daughter, Christi Craddick, is the state's top oil regulator.

Last year, the family made $10 million for their oil holdings. And no one knew. Until today."

#oott #oil #regulation #texas #txleg #txpol

https://www.texasmonthly.com/news-politics/the-craddicks-profit-from-the-industry-they-oversee/

With news the UK 🇬🇧 Govt's revised green finance strategy will lean heavily on #CCS, Maeve O’Connor from our #Oil & Gas team notes: “We've yet to see any oil🛢️& #gas🔥company successfully ramp up their #CCUS capacity at scale” https://www.esginvestor.net/fossil-fuel-smokescreen-or-net-zero-salvation/ #OOTT

Portfolio investors sold #oil🛢️-related futures 📉 & options contracts at the fastest rate for almost 6years as traders prepared for the onset of a #recession driven by tighter credit conditions in the aftermath of the #BankingCrisis https://www.reuters.com/markets/commodities/fearing-credit-crunch-hedge-funds-flee-petroleum-2023-03-27/ #OOTT

RT @JavierBlas
Ammar Al Khudairy, the chairman of the Saudi National Bank, has now resigned “due to personal reasons” | #OOTT #SaudiArabia https://twitter.com/JavierBlas/status/1636033954351308802

The problem with the global #oil & #gas industry is that each producer thinks they'll be the last O&G🛢️producer standing? - do you want to be the investor holding the bag when it turns out they were wrong?! http://www.bloomberg.com/news/articles/2023-03-24/petrobras-ceo-says-he-s-ready-to-be-world-s-last-oil-producer #StrandedAssets #OOTT

RT @YorukIsik
How Russia can ship its oil to Asia despite sanctions: #GhostFleet. -- St. Kitts & Nevis flag tanker Golden Mile transited Bosphorus towards Med en route from Tuapse likely to China. #OOTT

US oil companies are envious of how much money their European peers are making from trading oil and gas. But do they have the stomach for that game? @JavierBlas is skeptical #OOTT https://t.co/jhncu40ERj via @opinion

OPEC+ isn't panicking about oil's sudden drop. But its forecast for supply/demand imbalances in the second half of the year may turn out to be too rosy, argues @JavierBlas #OOTT https://t.co/Iuc0RJSjwF via @opinion

After a buoyant start to 2023, oil🛢️futures 📉 have been sucked down in the slipstream of a financial crisis that carries 'eerie echoes of 2008' https://www.bloomberg.com/news/articles/2023-03-16/oil-bulls-beset-on-all-sides-from-bank-chaos-to-russia-lfb3dfqr #OOTT

RT staunovo: Three European Nations Push for Lower Price on Russian Oil Cap
Estonia, Lithuania and Poland want to cut price cap to $51.45
Russian oil price limit is due for EU review this month
#oott #Russia https://www.bloomberg.com/news/articles/2023-03-14/three-european-nations-push-for-lower-price-on-russian-oil-cap?utm_source=website&utm_medium=share&utm_campaign=twitter?sref=f2E6A62x