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Drilled

Welcome to Carbon Cowboys

Drilled

Pushkin Industries

Earth Sciences, True Crime, Science

4.62.4K Ratings

🗓️ 5 May 2026

⏱️ 4 minutes

🧾️ Download transcript

Summary

For decades we’ve heard that “the markets” will solve the climate crisis. On Drilled: Carbon Cowboys, we put that theory to the test, following Bruce Rastetter, a corn ethanol kingpin-turned-carbon entrepreneur from Iowa to Brazil, and asking the big questions: Are these “climate solutions” actually reducing emissions? Is CO2 increasing or decreasing as carbon becomes a commodity? Or is green colonialism just as extractive as the regular sort?

Drilled: Carbon Cowboys begins on May 12th. Pushkin+ subscribers can hear episodes early and ad-free. Find Pushkin+ on the Drilled show page on Apple Podcasts or at pushkin.fm/plus

 

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Pushkin.

0:10.7

In 2011, Bruce Rastetter headed down to Brazil.

0:17.4

He was not just another Midwest tourist headed to the Amazon.

0:21.8

Bruce had pioneered factory farming in Iowa and then done the same for biofuels and this thing called carbon capture.

0:29.9

He's a big Republican donor too.

0:32.6

So he went to Brazil looking for land.

0:37.0

So we met with a lot of larger farmers, went from Bahia to Tokatines to Madagroso.

0:43.2

And he flew down with a team of executives.

0:45.7

They said they were going to help the country get in on a gold rush.

0:51.1

Farming and its derivatives are going to be really the next great commodity that the globe's going to trade.

0:55.7

It's a huge opportunity, but we won't qualify unless we lower our carbon intensity scores.

1:02.6

Over the last couple of decades, climate regulators have worked hard to incentivize green energy solutions.

1:10.2

And Bruce Rasteader knows better than anyone how to take

1:13.4

advantage of something like that. He's gotten huge government kickbacks by pivoting from growing

1:18.4

corn to making corn ethanol. And now he's helping the ethanol industry get paid for capturing

1:25.5

their carbon emissions. So this Republican kingmaker is planning on this get-rich scheme of us paying him to capture CO2 at

1:39.4

ethanol plants and then shipping it across private land and public land and then disposing of it

1:46.9

somewhere many states away. For the last 10 years, Bruce and his Brazilian company FS Bioenergy

1:54.5

have been pushing corn ethanol and carbon capture in Brazil, even helping to draft Brazilian regulations around it.

2:05.1

FS is promoting regulation, pioneering, prospecting, and even drawing on the experience of its partners in the United States.

2:14.6

Now, corn ethanol production and carbon capture are so big in Brazil, they're the top competitor to the U.S.

2:22.6

But Troubleback Home is threatening to topple Bruce's whole carbon empire.

...

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