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Letter from London: Show me the carbon
Transition policies must recognise that significant industrial demand for carbon will continue even as economies hit net zero
The changing economics of CCS
The business case for CCS is strengthening as costs decline, but deployment must accelerate to align with credible net-zero scenarios
Letter from London: Occidental’s oil-led defence of DAC
Company warns against potential withdrawal of federal funding for emerging technology as it eyes key role for CO₂ in boosting both conventional and shale oil recovery in US
Letter on carbon: Beyond the current trajectory
Policymakers must match their rhetoric with bolder action if they really want CCUS to scale up to meaningful levels
Letter from London: Shell blasts EU carbon storage targets
Binding CO₂ injection targets for oil and gas firms are ill-defined and very unrealistic, oil major tells London CCS summit
Europe in race to unlock CDR investment
Policymakers acknowledge crucial role for direct air capture and other removal technologies in meeting climate goals
Northern Lights goes live
Merchant storage project off western Norway takes first CO₂ shipment, but government warns of significant cost challenges ahead for CCS
Letter on carbon: Chasing down the cost of DAC
Innovation is moving at pace in the direct air capture sector, but will costs fall quickly enough to make it a mainstay of the voluntary carbon market?
Chevron joins push for Asia CCUS hubs
US company reiterates commitment to CCUS as it agrees to work with major steelmakers to drive large-scale deployment in Asia
Germany eyes blue hydrogen as cabinet backs CCS
Draft law opens door to large-scale carbon capture and storage, and could unleash investment in gas-based hydrogen projects
Carbon capture has a key role to play
Carbon capture Decarbonisation Finance
Stuart Penson
21 April 2023
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Net zero demands huge carbon-capture investment – IEA

Project pipeline implies only a quarter of capacity needed by 2030, IEA says

Investment in carbon-capture technology is growing, but the pipeline of proposed projects would need to quadruple to meet 2030 the levels set out in the IEA’s main net-zero emissions (NZE) scenario. The existing slate of projects, some of which will not materialise, implies capture capacity of c.0.3Gt/yr by 2030, way short of the 1.2Gt/yr set out in the NZE scenario. “Carbon-management technologies are an important strategic tool in strong mitigation scenarios but by no means a silver bullet,” the IEA said in mid-April in a report titled Credible Pathways to 1.5°C. “The scale of deployment required in the NZE scenario is huge, equivalent to ten new CCUS‐equipped facilities commissioned each

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Letter on carbon: Has the EU ETS come of age?
28 November 2025
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
Can Oxy’s integrated CO₂ approach set a new benchmark for transition-era oil companies?
18 November 2025
Vicki Hollub, president and CEO of Occidental, has been selected as the 2026 recipient of the Dewhurst Award, the highest honour bestowed by WPC Energy. The Dewhurst Award celebrates exceptional leadership, groundbreaking innovation and a lifetime of significant achievements in sup-port of the development and advancement of the energy industry.
Letter from London: Show me the carbon
11 November 2025
Transition policies must recognise that significant industrial demand for carbon will continue even as economies hit net zero
Letter from Europe: Western retreat raises doubts over climate leadership
Opinion
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined

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