Back in March of 2018, Axios reported on what they called the “ oily path to tackling climate change .” For the article, reporter Amy Harder visited Petra Nova, a key carbon capture project on the outskirts of Houston where carbon was being captured and used to extract oil in a veritable ouroboros of a climate change solution. “Capturing carbon to extract oil seems counterintuitive to addressing climate change, but experts who have crunched the numbers say this technology is a necessary, if controversial, step that’s helped along by these kinds of projects,” read the Axios report. At the time, Harder wrote that the cutting-edge project was “poised to reap hundreds of millions of dollars in new federal tax credits.” The timing seemed perfect for Petra Nova and similar oil-based carbon capture programs (such as NET Power and a carbon capture program led by Occidental Petroleum) to take off […]