2022 Budget Sensitivities and Financial Projections

KINDER MORGAN Net-Zero Scenarios Require Carbon Capture Infrastructure Buildout U.S. CUMULATIVE CO2 STORAGE CAPACITY MMT 5000 4000 3000 2000 1000 0 2020 2025 2030 2035 2040 2045 2050 CO2 POINT SOURCES & PIPELINE INFRASTRUCTURE IN 2050 CO2 point source type BECCS power and fuels Cement w/ ccs CO2 captured (MMTPA) Trunk lines (capacity in MMTPA) Natural gas power ocs oxyfuel 0.0006449 7.9144 15.8282 23.7419 < 100 100-200 > 200 Princeton's Net-Zero America Report estimates that CO2 storage would need to increase substantially in order to progress toward climate goals, ultimately requiring significant investment & infrastructure CO2 pipeline estimates by 2050 Nearly 70,000 miles Nearly $225 billion cumulative capital deployed CO₂ storage estimates by 2050 >4 GTpa of CO2 storage available $80 billion cumulative capital deployed Source: Princeton University, Net-Zero America Report, October 2021, E-B+ Scenario Note: BECCS = Bio-Energy with Carbon Capture & Storage 51

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