By David Middleton – Re-Blogged From WUWT
EPA Drilling Regulations Remain Underrated Obstacle to Solving Global Warming
Meeting the goals of the 2015 Paris Agreement to limit global warming will be impossible unless the United States leads the way.
What remains is CCS technology, which the oil and gas industry has used to enhance the recovery of oil for the past nearly 50 years. Each year, this technology already traps more than 60 million tons of carbon dioxide permanently underground, preventing it from entering the atmosphere and contributing to global temperature increases. Congress has incentivized industrial companies to invest in this kind of CCS technology through tax breaks, but companies still are running into problems. Of paramount concern is the Environmental Protection Agency’s oversight of the well-drilling that is the necessary prerequisite for storing CO2 underground.