You’re hired! Exxon promises US jobs bonanza in return for CCS subsidies
You’re hired! Exxon promises US jobs bonanza in return for CCS subsidies
CCS megaprojects pose convenient political solution to transitioning fossil fuel workers 💥Energy Flux💥 Wednesday, 21st April 2021
Welcome to your daily dose of global energy transition news, views and analysis. In today’s issue:
Exxon promises US jobs bonanza in return for CCS subsidies
‘Green’ bitcoin mining venture needs, er, natural gas
UK says deeper emissions cuts won’t affect personal lifestyles
Transmission lines – Energy transition stories you might’ve missed
Energised minds – Critical thinking on crucial energy issues
Exxon promises CCS jobs bonanza in return for federal subsidies
Jobs win votes, and big carbon capture and storage projects promise to create lots of them. The tantalising prospect of a jobs boom is central to the oil and gas industry’s CCS lobbying agenda, which stands a good chance of forging a political consensus in favour of huge state support for carbon capture megaprojects.
US supermajor ExxonMobil is proposing the biggest carbon capture project the world has ever seen: a $100 billion “CCS Innovation Zone” along the Houston ship channel and surrounding industri…