When Australian oil company Santos launched a low-emission oil field in Alaska using carbon capture technology, it was a rare international environmental victory. In an era defined by a global rediscovery of industrial policy, increasing tariffs, and an obsession with supply chain security and “made in America,” Santos stands out. That’s because there is one green initiative so important, though seldom discussed, from the Biden administration’s green agenda: carbon capture. This project by a friendly, albeit foreign, company dampens protectionist headwinds.
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