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English => News => Topic started by: Redaktion on November 01, 2023, 16:25:05

Title: Oil giant quietly drops world's largest CO₂ capture plant and invests billions to build new one
Post by: Redaktion on November 01, 2023, 16:25:05
Occidental Petroleum is constructing a brand-new carbon capture plant, with billions of dollars of support from companies such as Amazon, Shopify and also from US President Joe Biden, to reach its goal of net-zero emissions. However, prior to this move, Occidental sold another CO₂ capture plant, the largest of its kind in the world, at a bargain price for economic reasons.

https://www.notebookcheck.net/Oil-giant-quietly-drops-world-s-largest-CO2-capture-plant-and-invests-billions-to-build-new-one.764379.0.html
Title: Re: Oil giant quietly drops world's largest CO₂ capture plant and invests billions to build new one
Post by: LL on November 01, 2023, 16:37:39
Wonderful fashion scheme paid by consumers...
Title: Re: Oil giant quietly drops world's largest CO₂ capture plant and invests billions to build new one
Post by: indy on November 01, 2023, 18:35:46
It doesn't scale.  We would need millions of these around the world to even make a dent.
Title: Re: Oil giant quietly drops world's largest CO₂ capture plant and invests billions to build new one
Post by: Mr Majestyk on November 02, 2023, 01:31:41
Carbon capture is a fraud pure and simple, just like carbon credits. The fact an oil compnay is involved shows how farcical the whole situation has become.
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