Since the 1970s, carbon capture and storage (CSS) has been held up as one potential tool to help combat global warming. The idea is to capture carbon dioxide released in the production of fossil fuels like coal, oil and natural gas, and store it deep underground–instead of letting it escape into the atmosphere. But despite billions of dollars spent, the technology hasn’t quite lived up to expectations. Bloomberg’s Stephen Stapczynski and David Stringer report that now is the make or break time for carbon capture to prove its worth, and they join this episode to talk about whether it’s up to the challenge of slowing climate change.

Read more: Big Oil’s Climate Fix Is Running Out of Time to Prove Itself

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

Since the 1970s, carbon capture and storage (CSS) has been held up as one potential tool to help combat global warming. The idea is to capture carbon dioxide released in the production of fossil fuels like coal, oil and natural gas, and store it deep underground–instead of letting it escape into the atmosphere. But despite billions of dollars spent, the technology hasn’t quite lived up to expectations. Bloomberg’s <a href="https://www.bloomberg.com/authors/ASLxhpk8tMA/stephen-stapczynski">Stephen Stapczynski </a>and <a href="https://www.bloomberg.com/authors/APv7eLQ9uV8/david-stringer">David Stringer</a> report that now is the make or break time for carbon capture to prove its worth, and they join this episode to talk about whether it’s up to the challenge of slowing climate change.
Read more: <a href="https://www.bloomberg.com/features/2023-Carbon-Capture-Technology-Running-Out-of-Time/">Big Oil’s Climate Fix Is Running Out of Time to Prove Itself</a>
Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: <a href="https://bloom.bg/3F3EJAK">https://bloom.bg/3F3EJAK</a> 
Have questions or comments for Wes and the team? Reach us at <a href="mailto:bigtake@bloomberg.net">bigtake@bloomberg.net</a>.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

Carbon Capture’s Make Or Break Moment

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ef0e180a-0a6b-4553-8725-b07b017584cf/transcript

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