Billions of Dollars in Taxpayer Subsidies Support Carbon Capture. Is it a Massive Waste?

One of President Biden’s signature achievements to combat climate change has been the approval of billions of dollars in federal subsidies to encourage carbon capture and storage. It sounds good: capturing carbon dioxide from industry, then piping it underground so it can’t heat the planet. But most of these projects don’t really help the climate. They provide taxpayer money to oil and gas…