Occidental Petroleum and Battelle lead Texas and Louisiana projects set for award of first-round federal funds, with 19 regional direct air capture hub teams—that include AEC firms—set to gain a total of $100M.
Estimated $750-million to $950-million project set to be built on an Occidental Petroleum site in Texas would remove 860,000 tons of carbon dioxide a year by capturing it and storing it underground.
Final pact signed by 197 countries in Glasgow, Scotland was weaker on coal and other fossil fuels than many activists and nations wanted, but key steps such as a global carbon trading market and guidelines to finance climate adaptation were taken to cut emissions.