Financial TimesFinancial Times

‘Put up or shut up’: Can Big Oil prove the case for carbon capture?

By Justin Jacobs

20 Oct 2022 · 10 min read

Editor's Note

The U.S. is investing big in “carbon capture.” But is the technology just a “smokescreen” to protect oil and gas business? The FT dives deep to get some answers.

The Houston Ship Channel along the Gulf Coast in Texas is the global economy’s petrol station.

Tankers stream up and down the channel, which snakes from the Gulf of Mexico to within a few miles of downtown Houston, stopping by one of the 200-plus oil refineries, chemical plants and fuel depots that line its waters. Once filled, they carry supplies off to a world desperate for fuel amid a global energy crunch.

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