Over the past few years, Big Oil has been heavily investing in carbon capture and storage (CCS) technology, ostensibly to offset CO2 emissions from the energy commodities they produce. Environmentalists have largely dismissed these efforts as mere greenwashing, with experts warning that CCS technology is so far unproven at the scale needed for meaningful decarbonization. Well, maybe environmentalists have been right all along, with new research revealing that carbon capture can extend the productivity of near-depleted oilfields for many decades.…
