Sabrina Valle of Reuters reports that Occidental will build a $1 billion facility to capture carbon.

• Occidental will build the world’s largest direct air capture facility in Texas’ Permian Basin starting in 2024.
• The company plans to capture up to 1 million tons of CO2 out of the air per year, which would be 100 times more carbon captured than the rest of the world’s current direct air capture facilities combined.
• The private sector is voluntarily investing in and leading the way to a cleaner energy future.

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