Semafor Net Zero: One Good Text
After winning a $20 billion contract with Google, Intersect Power wants to “create a whole new class of real estate.”
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Senior Research Scholar, CGEP
The world’s biggest carbon capture and storage machine launched last week in Iceland. It’s called Orca. According to Swiss startup Climeworks, the company which built the plant, it will capture 4,000 metric tons of CO2 per year and bury it underground.
The launch event for this new project was attended by the Center on Global Energy Policy’s Dr. Julio Friedmann. Host Bill Loveless snagged him for an interview to discuss what he saw there.
Julio is a Senior Research Scholar at CGEP and one of the most well-known experts on carbon capture, removal and storage. He is also a distinguished associate at the Energy Futures Initiative.
He gave his take on what the Orca plant foretells about this technology, the potential drawbacks, areas of concern, and why he believes that carbon capture technologies are integral to addressing climate change.
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Energy abundance isn't a climate strategy—it delays clean energy progress, harms global cooperation, and repeats past policy mistakes.
President Donald Trump has made energy a clear focus for his second term in the White House. Having campaigned on an “America First” platform that highlighted domestic fossil-fuel growth, the reversal of climate policies and clean energy incentives advanced by the Biden administration, and substantial tariffs on key US trading partners, he declared an “energy emergency” on his first day in office.
While he hasn’t released an official plan, Trump’s playbook the last time he was in office and his frequent complaints about clean energy offer clues to what’s ahead.