Exxchange Policy Wire

The United States is a global leader in innovation, and the evolution and application of carbon capture and storage (CCS) technology is no exception. In fact, Wyoming is helping lead the charge in this approach to reducing carbon dioxide (CO₂) in our atmosphere.

What is CCS?

CCS is the process of capturing CO₂ that would otherwise be released into the atmosphere from industrial activity and injecting it into deep geologic formations for safe, secure and permanent storage.

How is Wyoming helping to lead the charge?

In October 2021, ExxonMobil announced plans to increase carbon capture and storage at the company’s LaBarge facility – which has already captured more man-made CO₂ than any other facility in the world. The expansion project will capture up to 1 million metric tons of CO₂, in addition to the 6-7 million metric tons already captured at LaBarge each year. The proposed $400 million investment is the latest in multiple expansions of carbon capture capacity at LaBarge. 

Can CCS help lower emissions?

Short answer: YES! The International Energy Agency projects CCS could mitigate up to 15% of global emissions by 2040, and the U.N. Intergovernmental Panel on Climate Change estimates global decarbonization efforts could be twice as costly without wide-scale deployment of carbon capture and storage.

What policies need to be in place for CCS to thrive?

• Create a favorable investment environment for CCS activities;
• Provide financial support for infrastructure to allow for CO₂ to be captured, transported and safely sequestered;
• Ensure government approval for CO₂ storage; and
• Collaboration between the public and private sectors.

Do you support the deployment of CCS technology across Wyoming? Sign the pledge today.