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Politics : Rat's Nest - Chronicles of Collapse
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From: Wharf Rat8/28/2024 3:12:27 PM
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Big Oil Is the Winner From Dutch Carbon Capture Subsidies - DeSmog

A flagship climate scheme will cost taxpayers billions, with no guarantee of a meaningful impact on emissions

At full capacity, Porthos is expected to handle 2.5 million tonnes of CO2 captured annually from facilities operated by its four dedicated customers: Shell, ExxonMobil, and the hydrogen producers Air Liquide and Air Products. That total is equivalent to roughly 10 percent of the port’s emissions, and 1.5 percent of the Netherlands’ current CO2 output. Once captured, the gas will be pumped under the North Sea throughout a 15-year period, or until the storage space reaches a maximum estimated capacity of 37.5 million tonnes.
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