After a half-century of research and development, carbon capture and storage projects are far more likely to fail than to succeed, and nearly three-quarters of the carbon dioxide they manage to capture each year is sold off to fossil companies and used to extract more oil, according to a sweeping industry assessment released today by the Institute for Energy Economics and Financial Analysis (IEEFA).
Photo: Climate Group/flickr
Fintan O’toole is right. The problems with the banks, be it in the US, UK, and apparently in Ireland, started 30 years ago, which is when neo-liberlalism began its crusade. It marked the end of […]
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