![]() ![]() Implementation of CCUS, paired with proactive policies, can deliver large-scale solutions that help us meet 1.5☌ scenarios, drive exponential advances in technical capabilities and achieve net-zero or beyond. ![]() One of the most exciting areas of development involves CCUS-which provides a proven pathway for near-term emission reduction. In a March forum hosted by New Yorks Columbia University, Hollub promised to lead the company to net-zero by 2050 through investing in regional carbon capture hubs piping CO2 directly into their. A big part of this innovation involves removing emissions directly from the atmosphere right now, while simultaneously working toward global commercialization of alternative fuels and materials. Oxy is developing numerous nascent technologies and approaches to help find net-zero fuel solutions. But until human ingenuity gets us there, it’s our collective responsibility to implement solutions that reduce emissions today. Yet today, no leading CCS facility is up and fully running in the UK. Global society is working hard to develop energy sources, technologies, processes, feedstocks and materials that don’t rely on hydrocarbons. The promises of carbon capture and storage (CCS) technology date back almost 20 years. Large-scale carbon capture, utilization and storage (CCUS) is essential for practical progress in near-term emissions reduction. Clean technologies contributed more than 28.8 billion to the Canadian economy in 2019, including the export of approximately 7.05 billion worth of clean technology goods and services. ![]()
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