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Financial Times
Financial Times
Business
Justin Jacobs in Houston

‘Put up or shut up’: can Big Oil prove the case for carbon capture?

© Bloomberg | the Petra Nova project

The Houston Ship Channel along the Gulf Coast in Texas is the global economy’s petrol station.

Tankers stream up and down the channel, which snakes from the Gulf of Mexico to within a few miles of downtown Houston, stopping by one of the 200-plus oil refineries, chemical plants and fuel depots that line its waters. Once filled, they carry supplies off to a world desperate for fuel amid a global energy crunch.

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