(Bloomberg) -- Oil giant Occidental Petroleum Corp. clinched a record carbon removal deal with Microsoft Corp. amid the software titan’s push to reduce its...
-- Oil giant Occidental Petroleum Corp. clinched a record carbon removal deal with Microsoft Corp . amid the software titan’s push to reduce its expanding emissions.Microsoft Orders China Staff to Use iPhones for Work and Drop AndroidBiden’s Biggest Donors Left Powerless to Sway Him to End Bid
President Joe Biden’s administration has invested big in DAC, promising to spend $3.5 billion on regional hubs aimed at removing, capturing and storing 1.8 billion tons annually to achieve net-zero emissions by mid-century. The $1 billion Stratos plant, which is expected to start operations in mid-2025, also has sold credits to Amazon.com Inc., Shopify Inc. and Airbus SE. Occidental hopes to build 99 more like it over the next 10 years. In a February investor presentation, the company projected that it will be able to capture carbon at scale for $125 to $200 per ton, an estimate that some DAC experts view as “a fantasy” given the energy-intensity of the process.
Both the S&P 500 and NASDAQ closed at record highs after comments from Federal Reserve Chair Jerome Powell kept hopes that the Fed will cut interest rates soon high. The CBOE Volatility Index , often referred to as "the fear index," is currently trading at unusually low levels for this time of year, especially for an election year. Tesla continued its hot streak and closed higher for its 10th trading day in a row.
CAPE TOWN, South Africa — Elephants trampled to death a Spanish tourist at a South African wildlife reserve after he left his vehicle and approached a herd to take photographs, police and local government authorities said Tuesday.Heat builds across Alberta, with 'ring of fire' setup bringing severe storm risk
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