Energy

Why feds are spending $2.5 billion on carbon capture

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Secretary of Energy Jennifer Granholm takes questions during a media briefing at the White House in Washington, U.S., November 23, 2021.

Evelyn Hockstein | Reuters

The U.S. Department of Energy announced on Thursday it was taking its first steps to disburse more than $2.3 billion for carbon capture technology included in Biden’s Bipartisan Infrastructure Law, which the president signed in November, for carbon capture technology.

Carbon dioxide emissions are a result of burning fossil fuels and are a primary cause of anthropogenic climate change, and the amount of carbon dioxide in the atmosphere has been trending steadily higher for the last 60 years.

Carbon capture technology aims to…



Source cnbc.com

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