Capital Needed for Paris Climate Goals is Mind Blowing: Bobby Tudor

The video discusses a proposed $100 billion carbon capture project by ExxonMobil on the US Gulf Coast, aiming to capture 100 million tons of CO2 by 2040. The project requires collaboration with public and private partners and significant financing, including government subsidies and carbon pricing. The video highlights the importance of large-scale projects in reducing costs and legitimizing carbon capture as a decarbonization solution. It also explores the potential for turning captured carbon into usable materials and the financial challenges of meeting global decarbonization goals, emphasizing the role of sovereign governments and consumer willingness to fund the transition.

What is the projected increase in CO2 capture by 2040 with Exxon's proposed project?

• 10 times

• 7 times

• 12 times

• 5 times

What is one of the key factors that can help make carbon capture projects scalable?

• Increased public awareness

• A price on carbon

• Higher CO2 emissions

• More industrial facilities

How can companies generate returns from carbon capture projects?

• By increasing CO2 emissions

• By reducing operational costs

• By storing CO2 indefinitely

• By selling captured CO2 to transporters

What is the estimated annual global investment needed to meet the Paris Agreement goals?

• 1 trillion dollars

• 3 trillion dollars

• 4 trillion dollars

• 2 trillion dollars

What is a potential alternative use for captured carbon mentioned in the video?

• Burning it for energy

• Using it in advanced materials

• Releasing it back into the atmosphere

• Storing it in water bodies