In Texas, oil and gas producer Occidental Petroleum is constructing a giant facility to suck 500,000 metric tons of carbon dioxide out of the atmosphere annually to keep it from warming the climate, a project backed by hundreds of millions of dollars from investment firm BlackRock.
And, Reuters reports, a consortium of companies in Louisiana that includes Swiss firm Climeworks is teaming up to build a similar facility that can pull a million metric tons of the greenhouse gas out of the sky each year, boosted by hundreds of millions of dollars in grants from the U.S. government.
The direct air capture (DAC) projects are in neighboring states, but the companies leading them are worlds away when it comes to their views on how carbon removal should be deployed. Read more.
