By Robert Bradley Jr.
“Today, global operating nameplate capture capacity is approximately 60 million tonnes a year. If fully utilised, that would represent gross capture equivalent to roughly 14-15 hours of annual global energy and industrial emissions. Actual verified net storage is lower.” (- Martin Jagger, below)
Martin Jagger, a climate activist specializing in carbon capture & storage, recently wrote a sobering post on the progress of this technology in addressing the assumed-to-be climate crisis. This problematic approach is another example of the tears-in-the-ocean choices of climate mitigation policy.
“For twenty years,” he begins, “I have argued that CCS has an important role to play in managing emissions from industries where practical alternatives remain limited.” The progress to date has been small, and the effect on global emissions minuscule. He explains:
Today, global operating nameplate capture capacity is approximately 60 million tonnes a year. If fully utilised, that would represent gross capture equivalent to roughly 14-15 hours of annual global energy and industrial emissions. Actual verified net storage is lower…. Closing even the gap between today’s operating capacity and the announced [EIA estimated 2030 pipeline would require an extraordinary acceleration in permitting, financing, construction, commissioning and sustained operating performance.
The interest and potential investment are there, he believes, but “delivery” is small and problematic.
… announcements are not delivery, storage resources are not injection capacity, and nameplate capacity is not independently verified climate impact. The next phase of CCS must therefore be more demanding than the last. By 2030, success should no longer be measured primarily by the number of projects announced, memoranda signed, licences awarded or billions committed. It should be measured by verified net tonnes securely stored, year after year. That requires a tougher delivery model.
He alludes to the problem of getting from hyperbole to practice.
We have largely solved the problem of attracting interest and announcing investment. We have not yet solved the delivery problem. That distinction matters because CCS cannot indefinitely be judged by its potential. Nor should every delay be explained by saying that the industry simply needs more policy support or more public money. After two decades, the burden of proof must begin to shift.
Continuing:
That shift also requires greater honesty about how progress is reported. Too many of the institutions responsible for advocacy and industry leadership still present CCS largely as a good-news story. New projects, funding awards and headline capacity are publicised; delays, cancellations, operating shortfalls and the absence of verified storage receive much less attention.
Final Comment
Government incentives to carbon capture and storage, formalized in the Energy Improvement and Extension Act of 2008 (Section 45Q tax credit), should be terminated, an end to please many environmentalists and the free market community. [2] The whole initiative is inconsequential to global or regional climate, and projects have been opposed by local residents in the U.S. and elsewhere. [3]
[1] Martin Jagger’s bio reads:
I am an Executive Consultant in Energy Transition Strategy and Decarbonisation Delivery with a track record of bringing operator discipline to CCS policy and projects. I established Shell’s Carbon Capture and Storage Centre of Excellence in 2007 and helped shape international frameworks for long-term CO₂ storage that informed UNFCCC CDM mechanisms and regulatory guidance.
I currently advise sovereigns, regulators and innovators on areas where policy realism, technical feasibility and capital must align. My work tests the credibility of targets, the true scaling pathways for CCS and low-carbon fuels, and the structural barriers that stall momentum – especially FID drag, subsidy distortion, infrastructure mis-sequencing and the policy-performance gap.
[2] The tax credits since 2022 are $85 per ton of CO₂ stored for dedicated geologic storage projects and $60 per ton for CO₂ utilization projects with associated storage, increased from $50 and $35 subsidies (2018) and $20 and $10 (2008). A summary of federal largess from Taxpayers for Common Sense reads:
For decades, the federal government has provided billions of dollars in both direct and indirect subsidies to support CCS technology and projects. These subsidies have included research, development, and demonstration (RD&D) funding, loan guarantees, and tax credits.
Over the past few decades some of these subsidies have gone to projects that have been repeatedly started and stopped, only to eventually collapse due to various economic issues and controversies (e.g., FutureGen, Kemper). Additionally, the 45Q tax credit, which has grown significantly in both size and scope, has been mired in fraud and waste. To date, the federal government has spent tens of billions of taxpayer dollars on CCS through research and development funding and tax credits, yet the technology is still struggling with widescale deployment issues due to high costs….
According to the Congressional Research Service (CRS), Congress provided roughly $9 billion (in nominal dollars) in annual appropriations for DOE’s FECM from FY2010 to FY2023, with over $2.8 billion specifically directed towards CCS line items…. Congress appropriated $12 billion more to the technology through the infrastructure law (Infrastructure Investment and Jobs Act, P.L. 117-58) and greatly expanded the already lucrative tax credit in the Inflation Reduction Act (Public Law 117-169).
[3] There are currently 15 operating CCS facilities in the U.S. and another 120 projects under development. The top ten projects are (verbatim):
1. Stratos Direct Air Capture (DAC) Project
Companies: Occidental Petroleum (through its subsidiary 1 Point Five) and Origis Energy
Capacity: 500, 000 metric tons of CO₂ annually
Application: Direct Air Capture powered by a dedicated solar portfolio
Source: Origis Energy Commissions 500 MWdc Swift Air Solar Projects in …
2. Calpine Baytown Energy Center CCS Project
Companies: Calpine Corporation and Exxon Mobil
Capacity: Approximately 2 million metric tons of CO₂ annually
Application: Low-carbon power generation from a new natural gas plant
Source: Calpine, Exxon Mobil sign CO 2 transportation and storage …
3. CF Industries Donaldsonville CCS Facility
Companies: CF Industries and Exxon Mobil
Capacity: A key component of Exxon Mobil’s contracted ~9 million metric tons per annum (MTA) portfolio
Application: Decarbonization of ammonia production
Source: Here’s How XOM Is Scaling Up Its CCS Footprint to Reduce Emissions
4. Google-Backed Gas Power Plant with CCS
Companies: Google and Mitsubishi Power
Capacity: Designed to capture 90% of CO₂ emissions
Application: Firm, low-carbon power for data centers
Source: Google Commits to First U.S. Gas-Fired Power Plant with Integrated …
5. California Resources Corporation (CRC) Carbon Terra Vault I (CTV I)
Company: California Resources Corporation
Capacity: Not specified; designed as a dedicated CO₂ storage facility
Application: CO₂ injection and permanent geologic storage
Source: California Resources Corporation Breaks Ground on California’s …
6. Sweetwater Carbon Storage Hub (SCS Hub)
Companies: Frontier Infrastructure and Baker Hughes
Capacity: Positioned to be one of the largest U.S. CO₂ sequestration assets (specific tonnage not provided)
Application: Multi-user CO₂ sequestration hub for industrial emitters
Source: Baker Hughes, Frontier Infrastructure Partner on Carbon Capture …
7. ADM Decatur CCS Facility
Company: Archer-Daniels-Midland (ADM)
Capacity: Averages nearly 0.5 Mtpa (based on 4.5 million metric tons sequestered over a decade)
Application: Long-term industrial CCS for ethanol production
Source: ADM and Carbon Capture and Storage
8. Lake Charles Power Station Integrated CO₂ Capture Project
Company: Project supported by the U.S. Department of Energy (DOE)
Capacity: Not specified; large-scale pilot
Application: Advancing capture technologies for power generation
Source: [XLS] Sheet 1 – Climate Program Portal
9. Illinois CO₂ Injection Project
Company: Unnamed Texas-based developer
Capacity: Not specified; early-stage regulatory filing
Application: New CO₂ injection and storage project
Source: CP Daily Newsletter: Wednesday February 18, 2026 – Carbon Pulse
10. Bantam DAC Facility
Company: Climeworks
Capacity: Over 5, 000 tons of CO₂ annually
Application: Direct Air Capture, noted as the largest operational DAC in the U.S. as of October 2025
Source: Facilities – CO 2 RE – Global CCS Institute
