The component technologies upon which CCS (Carbon Capture and Storage) is based have long successful histories. Full implementation with a goal of sequestering billions of tonnes per year of CO2 by 2050 could lead to a market (or is it a cost?) exceeding a hundred billion dollars per year. Despite years of efforts, large scale projects where CO2 is captured from electric generation plants and stored in the ground are almost nonexistent. Will lack of the public support or the growth of alternative, less carbon intensive energy sources prevent CCS from capturing a share of the greenhouse gas mitigation budget? A SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis on the CCS business provides insights on whether and how carbon capture and storage will play a role in carbon management.