 The current energy policy faces three main challenges, ensuring reliable and secure supplies of both fossil and non-fossil energy sources, keeping energy prices low for consumers, and maintaining consistency with the Paris Agreement's climate goals. This has led to high prices and producer rents, which presents an opportunity to apply the principle of extended producer responsibility, EPR, to fossil fuels. By implementing EPR through a combination of geologic carbon dioxide storage and nature based solutions, we show that it is possible to achieve net zero emissions at comparable or lower costs than conventional scenarios driven by a global carbon price and subject to constraints on carbon dioxide storage deployment. Additionally, this approach would ensure that the primary beneficiaries of high fossil fuel prices, the fossil fuel industry itself play their part in addressing the climate challenge while reducing the risk of asset stranding. This article was authored by Stuart Jenkins, Marguerite Coogeba, Hugh Helferty, and others.