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Fossil Fuel Giants Face $77.6 Billion DACCS Investment Deadline

10/25/2025

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Summary

Story summary

A study by Climate Analytics finds that the 66 largest fossil fuel companies must invest between $40.5 billion and $77.6 billion in Direct Air Carbon Capture and Storage (DACCS) by 2070.
The top ten emitters, including ExxonMobil, Shell, and BP, would cover over half of these costs.
The report emphasizes that investing in DACCS should accompany rapid emission reductions to meet the Paris Agreement goals.

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Story summary

A study by Climate Analytics finds that the 66 largest fossil fuel companies must invest between $40.5 billion and $77.6 billion in Direct Air Carbon Capture and Storage (DACCS) by 2070.
The top ten emitters, including ExxonMobil, Shell, and BP, would cover over half of these costs.
The report emphasizes that investing in DACCS should accompany rapid emission reductions to meet the Paris Agreement goals.