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An oil firm wants to pull CO2 from the sky — to keep selling crude


An oil firm wants to pull CO2 from the sky — to keep selling crude

A technology that could help combat climate change is being championed by an unlikely proponent: Occidental Petroleum, a big oil company.

Heirloom Opens First U.S. Direct Air Capture Plant

Energy forecasts say the world will be using millions of barrels of oil for years to come. “For us, it's about solving atmospheric carbon ...

An oil company wants to take CO2 from air. Here's why - E&E News

Oil companies specialize in extracting carbon dioxide-laden hydrocarbons from the earth. But could they use their expertise to put that ...

Oil company plans to have machines suck carbon from the sky, as it ...

The American oil company Occidental Petroleum is building machines to suck carbon dioxide from the atmosphere and inject it underground.

Occidental Makes a Billion-Dollar Climate Moonshot—So It Can ...

Petroleum giant says its plan to capture and store carbon dioxide will give it leeway to invest in fossil fuels.

Why injecting CO2 underground is a legal morass - E&E News

Energy companies want to store captured carbon dioxide in the tiny holes within geologic formations. But most states have no laws on the books ...

Can carbon removal become a trillion-dollar business?

Rather, it is an arboreal artifice: the world's first commercial-scale “direct air capture” (DAC) plant. Like a tree, DAC sucks carbon dioxide ...

Is carbon capture and storage a cover for oil production?

By forcing pressurized carbon dioxide into old wells, drillers can flush out crude that would otherwise remain beyond their reach. At the same ...

Can Pulling Carbon from Thin Air Slow Climate Change

Tech firms, oil companies and the US government are investing billions of dollars in carbon capture technology to suck greenhouse gases out of the atmosphere.

Occidental seeks tax breaks to finance carbon recapture plants in ...

An oil company is seeking property tax breaks to finance its plans to remove carbon dioxide from Texas skies.

Big oil is racing to scale up carbon capture to slash emissions - CNBC

The oil industry is betting carbon capture will serve heavy industries like cement- and steelmaking that now have few good options to slash ...

Meet the startup producing oil to fight climate change - Grist

How a tiny carbon removal company that produces oil from farm waste captured the imagination of Big Tech to fight climate change.

Is Sucking Carbon Out of the Air the Solution to Our Climate Crisis?

Keith and his partners officially launched Carbon Engineering in 2009 with $3.5 million in seed money from the likes of Bill Gates and Murray Edwards, a ...

Companies capture a lot of CO2. Most of it is going into new oil.

Companies pulling CO2 from the air get up to $130 if that CO2 goes into more oil, or up to $180 if it goes into permanent storage. (It is harder ...

Carbon Dioxide Enhanced Oil Recovery

CO2 has two characteristics that make it a good choice for this purpose: it is miscible with crude oil, and it is less expensive than other similarly miscible ...

Money Is Pouring Into Carbon Capture Tech, But Challenges Remain

Elon Musk, Microsoft and oil giants like Occidental and Exxon Mobil are investing ... As a result, some companies are selling their captured CO2 ...

Climate change: Is enhanced oil recovery a friend or foe? | Vox

In this post, however, I want to focus on what is currently the largest industrial use of CO2: enhanced oil recovery (EOR), whereby pressurized ...

Exxon's Long-Shot Embrace of Carbon Capture in the Houston Area ...

Exxon is proposing to create an entirely new industry, built to capture carbon and reinject it, all so that energy companies can keep on pumping and burning ...

NPR: This oil company invests in pulling CO2 out of the sky — so it ...

NPR: This oil company invests in pulling CO2 out of the sky — so it can keep selling crude - So they're trying a new version of enhanced ...

Can more oil extraction cut CO2 emissions from power plants?

The process works by pumping carbon dioxide into aging oil wells to help retrieve stranded pockets of crude. The greenhouse gas stays in the ...