Bloomberg has reported that the COVID relief bill passed last month included a provision to give companies tax breaks for capturing carbon.
While this may sound positive, it was denounced by Indigenous Environmental Network, as it paves the way for ongoing fossil fuel burning. Rachel Smolker of Biofuelwatch points out most of the captured carbon is bought by oil companies that use it to help pump out oil hard to reach oil, thereby extending the life of old wells.
Far from changing course, the Biden Administration is expected to roll out plans for climate action that include false solutions widely debunked by U.S. and international climate justice communities—from burning trees for electricity to using forests and oceans as carbon sinks. The purpose of these schemes? Continue business as usual.
Real, just climate action must address the roots of the climate crisis and transform the system that drives it, not subsidize and enable the very same people causing catastrophic climate change to pursue enhanced profits under a green veneer.
For the Earth Minute and the Sojourner Truth show, this is Anne Petermann from Global Justice Ecology Project.