The Carbon Capture Con

Carbon capture tax credit 45Q has been dramatically expanded despite its failure to deliver results, with total costs potentially reaching $800 billion. This represents an enormous taxpayer liability for a technology that consistently underperforms while enriching oil, gas, and ethanol industries through backdoor subsidies.

• 10 out of 13 major carbon capture facilities have failed or underperformed
• Companies self-report emissions reductions with no EPA verification or accountability
• CCS developers are claiming common carrier status to seize private land through eminent domain
• The tax credit has increased to $180 per ton, including for carbon used in enhanced oil recovery
• Pipeline leaks have caused hospitalizations and pose risks to groundwater
• US Department of Energy is withdrawing $3.7 billion in funding for carbon capture projects.

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Episode Transcript

Speaker 1 (00:00):
If you're suspicious that this climate change stuff
may be exaggerated or just totalBS, you've come to the right
place.
Welcome to the Climate ChangeHoax Podcast With your host,
carl Michael.
Here you'll learn the truthabout the deceivers who want you

(00:21):
to believe we can actuallycontrol the weather.
We cannot.
The real goal is to control you.
This is the Climate Change Hoax.

Speaker 2 (00:37):
How in the hell did this carbon capture tax credit
45Q get increased?
Instead of ending the stupidthing, which would have been the
right thing to do, credit 45Qget increased.
Instead of ending the stupidthing, which would have been the
right thing to do, congressexpanded it.
The original projected cost was$30 billion over the next
decade.
The latest expansion adds $14billion more and independent

(01:01):
estimates put the full cost ashigh as $800 billion.
Now that's a huge liability forthe American taxpayer for a
technology with a dismal trackrecord.
At the start of Season 3, inEpisode 47, I talked about one
of these carbon capturecompanies, climeworks, and why

(01:21):
they are now cutting staff.
Additionally, a study of 13major carbon capture facilities
discovered that 10 either failedor underperformed, just like
our buddies over at Climeworks.
The Institute of Energy,economics and Financial Analysis
says this, and I quote Not onesingle CCS project has ever

(01:46):
reached its target CO2 capturerate, but taxpayers are told
this technology is going to savethe planet, so just keep
picking up the tab.
Not only does CCS not work, the45Q program operates with zero
oversight.
Companies self-report emissionsreductions with no EPA

(02:08):
verification or caps onsubsidies, no auditing, no
accountability, just billions intax credits being issued based
on unverified claims.
Ccs developers are alsoclaiming common carrier status
to justify seizing private land,using eminent domain to take

(02:33):
land and over the objections ofthe owners.
This piracy enriches privatedevelopers, not the public.
Now, that is a betrayal oftrust.
This 45Q tax credit increases to180 bucks per ton for all uses,
including captured carbon usedfor enhanced oil recovery.

(02:54):
Okay, carl, what's enhanced oilrecovery?
Well, it's a technique used bythe oil industry for decades to
squeeze more oil from agingfields.
Most of these carbon captureand storage projects are being
backed by the oil, gas and theethanol industries.
Now, these guys used to fundtheir own oil recovery, you know

(03:18):
, as part of normal operations,a cost of doing business.
But now, with this 45Q taxcredit as a backdoor subsidy,
they can get the added bonus oftaxpayer support.
Can you say insane profits?
And where's all the outragefrom the climate wackos who hate

(03:38):
big oil?
Look, using captured CO2 foroil recovery purposes makes some
sense, assuming it's made safe.
But claiming sucking CO2 out ofthe air to stop global warming
is a deception, a scam.
It's a hoax.
And storing CO2 underground toappease the climate wackos is a

(04:02):
huge risk to public safety.
Leaks from CCS wells inIllinois have raised concerns
about groundwater contamination,and listen to this story.
In 2020, a pipeline located ina small town 30 miles from
Jackson, mississippi, had twohuge leaks.

(04:22):
One rupture, caused by amudslide, forced 200 residents
to evacuate and at least 45people were hospitalized.
Emergency crews found peoplepassed out, disoriented and
struggling to breathe.
One man who was fishing withfamily members near the leak
said this they found me, mycousin and my brother

(04:46):
unconscious, foaming at themouth.
They thought we were dead.
Now ask yourself this questionIs capturing and storing CO2 to
fight global warming a uselessidea?
Maybe not.
Not if you put a dollar sign infront of it.
Companies like Climeworks,using CO2 as the culprit for

(05:10):
global warming, are selling theidea of storing it on your
behalf for a fee.
On your behalf for a fee.
Ironically, the technology theyused to extract CO2 was
borrowed from the oil and gasindustry.
Well, thanks to President Trump, the US Department of Energy is

(05:30):
walking back $3.7 billion infunding for carbon capture and
other emissions reductiontechnologies.
The DOE terminated 24 Bidenadministration's awards after
determining the projects wereeconomically stupid and,
according to Energy SecretaryChris Wright, these projects

(05:51):
failed to advance the energyneeds of the American people
Bottom line.
Man-made climate change is ahoax and CO2 capture is just the
latest scam.
Cheers.