Energy Policy Now Can Carbon-Negative Oil Be Climate Positive?
The fossil fuel industry is investing billions of dollars into projects that will use carbon dioxide captured from the air to produce more oil. What will be the climate impact?
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In April the Intergovernmental Panel on Climate Change identified carbon dioxide removal as an essential tool in the global effort to achieve net zero carbon emissions. One technology-based type of carbon dioxide removal known as direct air capture (DAC) has the potential to reduce net carbon dioxide emission by billions of tons per year. Yet DAC’s high cost raises concern around if and when the technology might be scaled to meaningfully address climate change.
Recently, the fossil fuel industry has committed more than $1 billion to support controversial projects that will use captured CO2 to increase production from oil wells, through a process known as enhanced oil recovery (EOR). Pete Psarras, a research assistant professor of Chemical Engineering at the University of Pennsylvania, dives into the controversy over the use of captured CO2 as a tool for low-carbon oil production. He discusses research that examines whether the combination of DAC + EOR might lead to net climate benefits or damages, and explores frameworks for effective governance of the technology.
Pete Psarras is a research assistant professor of Chemical Engineering at the University of Pennsylvania. His work focuses on carbon dioxide removal and carbon capture.
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Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu
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