I disagree.
First, two‑thirds of this spending concerns hydrogen and biofuels. Only one‑third involves carbon capture.
Many scientists and agencies, including the International Energy Agency, say that carbon capture is a key tool for reaching the net‑zero emissions target by 2050. It isn't a climate plan, but a very important tool, not just for the oil sector, but also for cement, fertilizer and some other sectors where greenhouse gases are difficult to reduce.