Rant in a totally different direction. Carbon Capture Is Not Sustainable!

Unless you can capture 1 ton of carbon using less energy than is extracted by burning 1 ton of carbon, you can not capture carbon. Carbon capture will ONLY work if the energy you use to capture the carbon does not add more carbon to the atmosphere (nuclear, wind, solar) but having to run a supplementary power generation tech just to negate the effects of your primary tech is just stupid, fossil fuels no longer a viable option.

Breaking news oil company that lies at every opportunity wasn't held accountable and choose to lie for bottom line.

Stop subsidising profitable companies, they just use that money to slap us in the face. Stop corporate welfare!

one of my favorite fun facts, is that apparently a non insignificant number of "carbon credits" come from unsealed oil wells being sealed up. Which sounds good and all.

Until you realize that leaving oil wells unsealed is literally illegal and not to regulation standards what so ever. So you are literally paying for carbon credits, that remove carbon, that never should have been in the environment to begin with.

I love capitalism.

Lets say that you're married but you want to cheat on your wife. That's not good, you don't want to upset your wife and I don't want you to upset your wife. So I'm gonna do you a favour, I'll not cheat on my wife and sell you the credit! Now when you cheat on your wife it's ok, because you have a credit that negates it! Zero sum, no harm!

And you know what, I wouldn't want anyone to upset their wife so out of the goodness of my heart I will not cheat on my wife as much as I can so that I can sell the credits to other men, that way it's ok if they cheat on their wives. They don't have to worry about upsetting anyone and my good behaviour is rewarded with money!

And all I had to do was nothing, then sell the credit for it...

Market-based solutions for the win!

/s, obviously.

Edited, this is what carbon taxes were supposed to replace, because everyone wanted something "market-based" even though regulation worked well for addressing CFCs. Personally, I'm of the opinion that if companies are cheating on cap-and-trade and whinging about carbon pricing that we should just straight-up regulate them. No bribes, no incentives, just "stop polluting or we fine you at 110% of your global revenue."

Why hide the subsidy, Alberta? We know who your daddy is.

Sometimes I wish we lived on Risa (Star Trek TNG S01E08), where the penalty for every crime is death.

Sure, a lot of innocent people would die, but at least there would be consequences for folks like these.

Yeah, it's a dumb thought, but that's how desperate I am to see anyone in power be held accountable for any-f-ing-thing.

This bullshit does nothing for Albertans.

No way!

This is the best summary I could come up with:

Such sales would not have been illegal, but amounted to a "hidden subsidy" within the program which undercut the effectiveness of industrial carbon pricing, says Keith Stewart, senior energy strategist at Greenpeace and the author of the report.

In response to the report, Shell Canada spokesperson Stephen Doolan said carbon capture technology is critical to achieving international climate targets.

Pierre-Olivier Pineau, a professor and researcher in energy policy at HEC Montreal, said the Greenpeace report illustrates "a key underlying problem" for carbon capture and storage, that "the economic environment isn't yet there to make them sound business."

Without a sufficiently high price, Pineau says CCUS projects will be cancelled because "they are not as profitable as dumping CO2 straight in the atmosphere" — unless, as in the case of Shell, they are heavily subsidized, he said.

The Pathways Alliance, a consortium of Canada's largest oilsands companies, is still trying to move ahead with a $16.5-billion carbon capture pipeline project, but is seeking about two-thirds of that amount to be covered by subsidies.

A spokesperson for Natural Resources Minister Jonathan Wilkinson said "the oil and gas sector needs to move forward on achieving reductions in absolute emissions."

The original article contains 911 words, the summary contains 191 words. Saved 79%. I'm a bot and I'm open source!