Fossil fuel firms knew about climate risk for decades, and carbon capture still feeds oil production

Counterfire's John Clarke traces how oil companies knew about warming as early as 1977, then worked to hide it. The article connects that history to current CCS failures, where Canada has captured roughly 0.0004% of its emissions since 2000 and most captured carbon goes to enhanced oil recovery. It also looks at insurance losses and luxury bunkers as responses from capital. For carbon market readers, the useful thread is policy design. If capture credits reward projects while oil production continues, the accounting gives cover to the wrong activity. The piece is openly ecosocialist, so expect that framing, but the facts on Exxon and CCS are well sourced.