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How Oil and Tech Giants Came to Rule a Vital Climate Industry

Amrith Ramkumar of The Wall Street Journal writes about developments in direct air capture technology.

The C3 Take
  • The Department of Energy has awarded funding to Occidental and Batelle to develop two direct air capture hubs in Texas and Louisiana.
  • Together the two hubs will be able to remove two million tons of CO2 from the air annually, a figure that is far below the total amount of greenhouse gasses emitted worldwide each year.
  • Investing in developing technology today will ensure that innovative solutions will be able to reduce emissions in the future.

“If funded and completed, the two carbon-removal hubs would remove roughly 1 million metric tons of carbon dioxide from the atmosphere annually and store it underground. That amount is equivalent to the annual emissions of about 220,000 gasoline-powered cars, which is a fraction of what is needed overall to limit climate change. Each project would be roughly 250 times bigger than the only direct-air capture facility currently in commercial operation.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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