upper waypoint

Sequestering Common Sense

Save ArticleSave Article
Failed to save article

Please try again

Cartoon: Three people hold signs, the first one reads, "keep it in the ground, no oil!" The second one reads, "put it in the ground, CO2." The third one reads, "put it in the ground to get more out of the ground: CO2, oil."

With the help of California's carbon market — which is intended to lower greenhouse gas emissions — Occidental Petroleum plans to inject carbon dioxide into the ground to extract more oil.

That's right — the system of carbon credits designed to help fight climate change is being used by an oil company (founded in California, now headquartered in Texas) to pump more oil out of the ground.

Sure, carbon credits (if used as they were intended) may help us avoid completely destroying the planet — but rest assured, oil companies will continue to do everything they can to profit all the way to the apocalypse.

Sponsored

lower waypoint
next waypoint
'I Am Still Haunted': Women Accuse Rising SF Political Star of Rape and Abuse1st SF Mayoral Debate Continues to Crumble as 3rd Candidate May Drop OutWhen BART Was Built, People — and Houses — Had to GoCalifornia's Nuumu People Claim LA Stole Their Water, Now They're Fighting for Its ReturnHighway 1 to Big Sur Reopens This Week — What to Know About Visiting from the Bay AreaUC Berkeley Encampment is Packing Up for Merced. Here’s What Admin Agreed ToCalifornia’s Budget Deficit is $45 Billion. What's Newsom's Plan to Fix It?UC Stands Firm on $32 Billion Investment Plans Amid Pro-Palestinian Calls for WithdrawalProp 47 Has Saved California Millions. These Are the Programs It's FundedHalf Moon Bay Farmworker Housing Gains Approval After Push by Newsom