And four oil companies are known to have sought additional funding from the Energy Department’s $3.5 billion DAC hub competition. Big Oil’s little-known involvement in the emerging sector is ...

The DAC plants Occidental is building have to succeed for that CO2 to be sequestered. Other companies that purchase carbon-removal services budget that into their carbon accounting to meet their ...

Oil giant Occidental announced an enormous escalation of its plans to take planet-heating carbon dioxide out of the air. It signed a lease agreement on 106,000 acres in Kleberg County, Texas ...

Some of Oxy’s DAC projects are already in the pipeline. The largest, called Stratos, is under construction in the Permian Basin, a massive oil field, in Texas.

The Project 2025 Mandate for Leadership document proposes eliminating the DOE’s Office for Clean Energy Demonstrations, which provides funds for DAC facilities and carbon capture projects, and ...

Aug 15 (Reuters) - U.S. oil and gas producer Occidental Petroleum (OXY.N), opens new tab on Tuesday agreed to pay $1.1 billion for technology supplier Carbon Engineering Ltd to help it develop a ...

Los Angeles-based CarbonCapture, which aims to build machines that suck carbon dioxide out of the air to fight climate change, said it had raised $80 million from investors that include Saudi oil ...

Occidental Petroleum subsidiary Oxy Low Carbon Ventures has acquired Holocene Climate Corp., Knoxville, Tenn. Holocene holds liquid, low-temperature direct air capture (DAC) technology that ...

Stratos, currently under construction in Texas, for example, is designed to remove 500,000 tons of carbon a year, according to Occidental, the oil company behind the plant. But there may be a catch.

Hendrickson at Carbon180 notes that concerns over oil and gas influence are real, but also says DAC has a key role to play in addressing climate change as a public service, backed by government funds.

The year is 2050. Walk out of the Permian Basin Petroleum Museum in Midland, Texas, and drive north across the sun-baked scrub where a few remaining oil pumpjacks nod lazily in the heat, and then ...