I viewed the S&P Global Market Intelligence discussion between reporter Taylor Kuykendall and Former U.S. Energy Secretary Ernest Moniz on Nov. 8. The thirty minute video is worth viewing to hear Moniz on major technologies and technological developments that will help prevent and mitigate the effects of global warming on humans.
Dr. Moniz answered the question I posted in the YouTube chat: “Regarding CCS (carbon capture and sequestration), how important is it to leave sequestered carbon in the ground? If a market for CO2 were developed, would there be an interest in digging it back up?”
He sort of laughed at the idea of “digging it up” as something that would not be done, yet gave an answer I hadn’t expected. There may be engineering applications to use captured CO2 in order to address our goal of net zero emissions by 2050, rather than burying it in geologically stable underground rock formations. This has been a point of contention with opponents to the Summit project.
Summit Carbon Solutions, an Iowa company, has proposed construction of a pipeline to transport liquefied CO2 captured from ethanol plants and other Iowa industrial producers to North Dakota for sequestration. The Iowa Utilities Board approved public hearings in the 30 counties the proposed pipeline would cross. One of the sticking points between activists who oppose the pipeline and the company was about Summit making a written commitment to leave any sequestered carbon in the ground permanently. CEO Bruce Rastetter indicated they would not make such a commitment because markets may be found for captured CO2. Moniz’ comments yesterday indicated such markets are under study and may be developed in order to address the climate crisis.
Is carbon capture and sequestration technology a hero that will help society reach net zero emissions by 2050, or is it a villain that will violate landowner rights and cause more pollution than it prevents? Fossil fuels should be left in the ground.
The highlight of Moniz’ interview for me was that advocates against the Summit Project (or the similar Navigator CO2 Ventures project) have a lack of big picture information about addressing the climate crisis using carbon capture and sequestration technologies. The information has not been readily available.
Ed Fallon of Bold Iowa isn’t perfect. However, he is a veteran of multiple pipeline fights. In a Sept. 23 blog post he outlined his concerns about the Summit project. He claimed Summit plans to use sequestered CO2 for “fracking” instead of sequestering it in the ground. He also claimed Summit wasn’t being transparent about their intentions. Summit denies these claims. Fallon is the right person to engage in a pipeline fight, yet his blog post lacked a depth of understanding of CCS beyond his immediate concerns. Ed could use more information as could we all.
Over the coming weeks, I intend to remedy the lack of accessible information about carbon capture and sequestration. In a series of articles, I will explain what it is, evaluate whether the Summit and Navigator projects are boondoggles designed to skim taxpayer money for the richest Americans, and what plans exist for implementing CCS as a solution to the climate crisis. Hopefully, with a better understanding of the technology and its proposed applications, advocates for and against it will have a better base of information to address the climate crisis. Stay tuned.