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Adding some references Shell Is Looking Forward. The fossil-fuel companies expect to profit from climate change. I went to a private planning meeting and took
by thelastgallon 2y ago
Adding some references
Shell Is Looking Forward. The fossil-fuel companies expect to profit from climate change. I went to a private planning meeting and took notes: https://nymag.com/intelligencer/2020/03/shell-climate-change.html https://nymag.com/intelligencer/2020/03/shell-climate-change...
Out of the 27 commercially operational CCS projects worldwide, 21 inject carbon dioxide into oil reservoirs to force out petroleum: https://www.landclimate.org/what-is-happening-with-carbon-capture-and-storage/ https://www.landclimate.org/what-is-happening-with-carbon-ca...
Global Fossil Fuel Subsidies Reached $7 Trillion in 2022, an All-Time High: https://e360.yale.edu/digest/fossil-fuel-subsidies-2022 https://e360.yale.edu/digest/fossil-fuel-subsidies-2022
67% to 75% of energy is wasted. See Rejected energy:https://flowcharts.llnl.gov/sites/flowcharts/files/2023-10/US%20Energy%202022.png https://flowcharts.llnl.gov/sites/flowcharts/files/2023-10/U...
Exxon bets carbon will be the new oil: https://www.semafor.com/article/07/21/2023/exxon-carbon-denbury https://www.semafor.com/article/07/21/2023/exxon-carbon-denb...
27 DAC plants have been commissioned to date worldwide, capturing almost 0.01 Mt CO2/year: https://www.iea.org/energy-system/carbon-capture-utilisation-and-storage/direct-air-capture https://www.iea.org/energy-system/carbon-capture-utilisation...
A ton of {coal,petroleum,natural gas} emits {2.6,2.75,3.2} tons of CO2. 8.5 billion tons of coal burnt every year. 4000 billion cubic meters of Natural gas/year (~3000 billion tons - gemini), Global oil production is 4.5 billion metric tons/year. We'll need tens of millions of DAC plants!
Electrification is efficiency: The world will need less energy after the transition: https://www.sustainabilitybynumbers.com/p/electrification-energy-efficiency https://www.sustainabilitybynumbers.com/p/electrification-en...