Carbon capture, utilization and storage (CCUS) alone cannot reduce all CO2 emissions in the oil & gas industry and get the sector to net zero. The oil and gas industry in Net Zero Transitions report finds that if oil and natural gas consumption continues unmitigated, this will require an 'inconceivable' 32 billion metric tonnes of carbon captured for utilization or storage by 2050. However, the IEA continues to view it as an “essential technology for achieving net zero emissions in certain sectors