Oxy estimates that the project will separate 500,000 tons of carbon dioxide per year and cost about $1 billion to build. Adding in operations and maintenance, we, and others, estimate the total costs will be more than $500 per ton of avoided carbon dioxide.
As a point of reference, if you replace a 10mi/16km drive to work with a bicycle commute, per year you’d save 356kg of CO2. Source
In other words, that’s $1 billion to remove as much carbon as 1.4 million people replacing a drive to work with a bike ride to work and $250 million dollars in each subsequent year.
Edit: Another comparison is that running that carbon capture facility is equivalent to offsetting 0.134 coal plants in one year. It is much, much cheaper to invest in renewable energy and reduce car dependency than to spend on carbon capture.
Or use $1 billion to buy ebikes for 300,000 people. No operating costs, and in 5 years you’ve replaced what would have been replaced in one year.
How much in emissions for building the facility? How much for operating costs? How much for repairs and unexpected disasters? How much in emissions from the workers driving to and from? All that money could just buy more people ebikes.
As a point of reference, if you replace a 10mi/16km drive to work with a bicycle commute, per year you’d save 356kg of CO2. Source
In other words, that’s $1 billion to remove as much carbon as 1.4 million people replacing a drive to work with a bike ride to work and $250 million dollars in each subsequent year.
Edit: Another comparison is that running that carbon capture facility is equivalent to offsetting 0.134 coal plants in one year. It is much, much cheaper to invest in renewable energy and reduce car dependency than to spend on carbon capture.
Source
Or use $1 billion to buy ebikes for 300,000 people. No operating costs, and in 5 years you’ve replaced what would have been replaced in one year.
How much in emissions for building the facility? How much for operating costs? How much for repairs and unexpected disasters? How much in emissions from the workers driving to and from? All that money could just buy more people ebikes.