It's a neoliberal marketing grift, these radlibs who think "carbon capture will save us" are really just carrying water for fascists

from a letter about one of Biden's racist EPA picks Mary Nichols:

The cap and trade program and other market mechanisms—which commodify the source of the climate crisis that most severely threatens global communities of color and low-income people— account for a modest reduction of greenhouse gas emissions and has not been successful in meeting California’s climate goals. Further, these modest cumulative reductions have not occurred uniformly. In fact, for over half of the regulated facilities in the state, localized emissions of greenhouse gases and toxic co-pollutants have actually gone up. Unsurprisingly, the increased pollution tends to be in communities with a 34 percent higher proportion of people of color, and 23 percent higher proportion of people living in poverty. Ms. Nichols and the CARB, in initially designing the carbon trading system, were fully aware of the disproportionate impacts that cap and trade would have on the health of low-income communities of color. Yet, they championed this strategy that perpetrated environmental racism

Further, under Ms. Nichols’ leadership, the CARB has designed its cap and trade program to include a significant share of carbon offsets. This further exacerbates pollution hotspots because offsets allow industries to continue to pollute fenceline communities by purchasing reductions out of state or from industries not currently regulated by the program. Carbon offsets have enabled California polluters, especially large oil refineries and dirty power plant operators, to emit an additional 200 million tons of greenhouse gases—again, disproportionately burdening communities of color with toxic co-pollutants.