The IEA has continued to pander to the oil majors this week, stating that a sharp rise in carbon capture, utilization and storage technologies will be needed if countries are to meet decarbonization targets. The organization has claimed that $160 billion will need to be invested in the technology by 2030, despite very little technical success in recent years. This follows the IEA’s trend of underestimating the progress and penetration of renewable technology and overplaying the role of fossil fuels and moonshot technologies like CCUS. Read next week’s edition of Rethink Energy for more in-depth analysis. Oil prices have held steady this week and shown signs of increase after US lawmakers delayed voting on the country’s $2.2 trillion stimulus package,…