One of the biggest U.S. oil producers, Occidental, has just won one of two grants by the Biden Administration to build the world’s first direct air capture plant in Texas that would extract carbon dioxide directly from the atmosphere. Occidental, the first U.S. oil firm to pledge net-zero emissions, including the emissions from its products Scope 3, is betting big on direct air capture (DAC) technology to directly remove the greenhouse gas and sell carbon removal credits to corporate polluters.
…U.S. Oil Major Is A Big Winner Of Biden’s Climate Funding
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