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 ...

A U.S. Senate panel proposed making the tax credit for capturing carbon emissions for recovering oil equal to the $85/metric ton tax credit for permanently burying those emissions underground, a boon ...

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 ...

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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 ...

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 permits, issued under the Safe Drinking Water Act’s Underground Injection Control program, are the first issued to sequester CO2 from a DAC project, Occidental said in a release Apr. 7. The ...

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Spiritus' passive sorbent technology aims to reduce DAC costs to below $100 per ton, a dramatic reduction over current industry rates of $600-$1,000 per ton, according to the release.

Some of the world’s largest ocean tanker operators said they remained calm but cautious after risk warnings from naval forces for vessels operating in and around the Persian Gulf, Bloomberg reported ...

An oil pumping unit and storage tank operate near on Shane Court in Arvin in this 2018 file photo. Henry A. Barrios / The Californian ...

President Donald Trump said China could purchase oil from Iran, in an apparent reversal of policy after his administration ...