First, awesome news.
Second, I do think CCS can work, but can it work in the market without HUGE government support of these per ton tax credits going to either the emitter, which then pays the midstream CO2 handler a fee, or where they all go to the sequesteror?
The technology for point source CCS has been around for decades and done safely by industry. But it’s been done either as a mechanism to push out residue hydrocarbons, or to inject harmful sour gas back into the ground for gas plants and such. The scale of these now proposed projects is MUCH larger than those operations. I don’t doubt these projects can and will (by credible companies like an Exxon, Talos and OXY) be done safely, but viability is a HUGE question.