Carbon capture projects face cancellations and delays as costs rise and policy uncertainty grows

A growing number of carbon capture and storage projects are being canceled or delayed, according to a new report. High costs, lack of clear revenue streams, and slow progress on pipeline and storage infrastructure are forcing developers to rethink plans. The article notes that several high-profile projects in the US and Europe have been shelved or put on hold. This matters because carbon capture is often cited as a key tool for decarbonizing hard to abate sectors like cement and steel. If projects keep stalling, it raises questions about how realistic those net zero pathways are. The piece also points to policy gaps, particularly around how captured carbon gets priced and who pays for transport and storage networks. For anyone watching carbon markets or industrial decarbonization, this is a reality check. The hype around carbon capture is running into the same kind of execution problems that have plagued other climate technologies. The thread discusses whether the current wave of projects can survive without stronger government support.