The idea is that the extracted CO2 would be injected in oil fields to boost production. But I think EV's mean that oil consumption is going to start going down in the not-so-distant future, which will in turn crash the price of oil, and this whole project will become unprofitable.
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[ 0.26 ms ] story [ 18.9 ms ] threadThe implications of cheap C02 extraction are immense.
See this paper on what it means.
https://sciencepolicy.colorado.edu/admin/publication_files/r...
The key thing is that in 2100 to keep C02 ppm at 450 ppm it would cost 0.6 % of global GDP.