Released in 2002, Capricaornia saw Midnight Oil move to a stripped back sound, with acoustic and clean electric guitars dominating the sound of the album (Golden Age, Luritja Way, Under the Overpass), although some tracks feature significant distorted guitars.
The album also features a short piano solo track (A Crocodile Cries) in the middle of the record, the melody of which is reprised for the album closing Poets and Slaves.