But here they seem to rely very much on 'carbon capturing' to prevent global warming, while for all practical purposes this seems a not-yet-existing technology. Not 'underdeveloped' or 'still too expensive', but really not existing. that doesn't mean it's not possible, but don't think anyone has tried on a meaningful scale
The first one is greenwashing for utilities, who by saying that there is a future (if in reality unrealistic) solution can keep doing what they have always done, without any meddling from the authorities. A bit like hydrogen fuel cells for the auto industry.
The second is a way of earning carbon credits (and hence extra income) for oil companies who are going to use CO2 for enhanced oil recovery in any case. Peak oil is not an energy crisis. It is a liquid fuel crisis.
But "with luck, a master framework will be adopted that will divert more and more of national income to avoiding using what we sell" ... would probably not get the most enthusiastic hearing at Shell (let alone Exxon). I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
