Cautionary Tales with Tim Harford
Pushkin Industries
From Drilled: The Carbon Gold Rush
In this episode of Cautionary Tales, Tim Harford introduces listeners to Amy Westervelt’s investigative series, Drilled, which examines the complex intersection of money, politics, and climate change spin. This season, titled Carbon Cowboys, delves into the controversial push for carbon capture technology in the ethanol industry, specifically focusing on the Midwest Carbon Express project and its expansion into Brazil. The episode uncovers how industrial agricultural leaders, led by Iowa’s Bruce Rastetter, are framing corn ethanol and carbon sequestration as a revolutionary climate solution to secure government subsidies and new markets. The hosts investigate the reality behind these claims, highlighting the environmental and social consequences for rural communities in Iowa and Mato Grosso, Brazil. Through rigorous reporting, the episode explores how global agricultural power players navigate political and public resistance, often re-branding industrial expansion as sustainability. By contrasting the corporate narratives with the local impacts on land, water, and community, the podcast provides a critical look at how powerful interests leverage policy to manufacture a green narrative, ultimately creating what the reporters describe as a global carbon gold rush.
Updated Jun 30, 2026
About This Episode
We usually bring you failures of the past, but today we're sharing an episode from someone who uncovers failures as they happen. Amy Westervelt is an award-winning investigative climate journalist and the host of Drilled, a true-crime climate change podcast exposing how corporate corruption and political operatives built decades of climate denial and delay. Each season unravels new evidence of deception, disinformation, and the power structures keeping real climate solutions out of reach.
Drilled's latest season, Carbon Cowboys, examines a group of people who've turned climate policy into a profit engine. In September 2025, a group of Brazilian government ministers flew to North Dakota to watch a presentation on a new type of clean energy project, one that promised to help them deliver Brazilian President Lula’s dream of turning Brazil into “the Saudi Arabia of sustainable aviation fuels.” It was the latest in a string of projects from Midwest Republican kingmaker and corn ethanol magnate Bruce Rastetter, whose investments in Brazil might just transform him into a global carbon czar, even as his Summit pipeline carbon project faces fierce opposition from Iowa to North Dakota.
Here's episode 1 of Drilled: Carbon Cowboys. Find Drilled wherever you get podcasts and hear episodes early and ad-free with a Pushkin+ subscription. Sign up on the Drilled show page on Apple Podcasts or at pushkin.fm/plus.
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