Oil and gas companies are heavily investing in carbon capture and storage (CCS) technology in an effort to reduce emissions while continuing fossil fuel production. Experts warn that CCS technology is ...

(Bloomberg) -- John Kerry, the Biden administration’s former top climate diplomat, said the oil and gas industry must prove carbon capture can play a meaningful role lowering emissions or face a ...

Carbon capture and storage (CCS) technology can significantly extend the productivity of near-depleted oilfields. CCS could potential extend the lifespan of oilfields by many decades. Governments, ...

The outcome of four government-funded pilot projects could be crucial in developing technologies for Big Oil to reduce its carbon footprint and help the Biden- administration’s goal of a net-zero ...

(Bloomberg) -- Canadian driller Strathcona Resources Ltd. is planning as much as C$2 billion ($1.5 billion) in projects to capture carbon dioxide emissions from its oil-sands operations, helped by ...

Two years ago, oil and gas company Occidental bought carbon capture startup Carbon Engineering. The transaction was hailed as a win-win: A climate tech company scored a significant exit, and a fossil ...

A paper mill in a small Mississippi town could help demonstrate whether capturing carbon dioxide emissions and storing it deep underground is a viable path to fight climate change. The proposed ...

Exxon Mobil, Occidental Petroleum and other oil giants are expected to receive billions of dollars of incentives to collect and bury carbon emissions. Texas oil billionaire Ben “Bud” Brigham and ...

The oil and gas industry faces a reckoning over its role in the clean energy transition, according to an International Energy Agency report. Just 1% of global investment in clean energy has come from ...