Previous witnesses talked about innovation. We have nothing against the fact that the industry is pursuing this type of research for development and innovation, if that is what it wants to do. However, in our opinion, taxpayers should not have to pay for these technologies.
We already pay very high environmental costs for the production of fossil fuels and its uses. We are paying the bill for cleaning up orphaned wells, for example. We already have a steep bill and should not ask the public to shoulder a burden that belongs to the industry.
The effectiveness of these technologies has not been proven. All over the world, 0.1% of emissions have been captured, and 80% of projects attempted in the United States have been abandoned. Let's just say that the rate of success is not really convincing. We must reduce emissions as of now, and we should try other solutions.