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occidental petroleum

Occidental is Eyeing California’s Clean Fuels Market to Fund Texas Carbon Removal Plant

The oil company plans to remove carbon from the atmosphere and pump it into the ground to extract oil in the Permian Basin. Some climate activists fear the new technology is a cover for continuing to sell oil.

By Nicholas Kusnetz

A rendering of a planned direct air capture plant in Texas that would initially pull 500,000 tons of carbon dioxide out of the air annually. Occidental Petroleum, which is planning to build the plant, would use some or most of the carbon dioxide it captures to pump more oil out of depleted reservoirs. Credit: Carbon Engineering

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