News

Oxy Low Carbon Ventures, a subsidiary of Occidental, and Carbon Engineering are moving forward with the engineering and design of a Direct Air Capture (DAC) and sequestration facility.

Wabash Valley Resources recently closed an investment from Oil and Gas Climate Initiative (OGCI) for what is expected to be the United States' largest carbon capture and sequestration (CCS) project thus far.

ExxonMobil is continually progressing its growth plans to increase earnings and cash flow potential by researching technology breakthroughs to reduce emissions, Darren Woods, Chairman and CEO, told shareholders during the company’s annual meeting.

U.S. Senator John Cornyn (R-Tex.) recently introduced legislation that would require the U.S. Department of Energy (DOE) to establish a research, development and implementation program for carbon capture technologies at natural gas-fired power plants.The bill aims to create a partnership with the private sector for demonstration project and accelerate development and commercial application of natural gas carbon capture technologies. “The US leads the world in emissions reduction, but to build on that success, we need to incentivize innovation and partner with the private sector to create affordable solutions,” Cornyn said in a press release.

The production processes of the most important basic chemicals are responsible for around 70% of the greenhouse gas emissions in the chemical industry.

Prior to BP's annual general meeting (AGM), Helge Lund, BP's Chairman, wrote an article in the Financial Times, explaining why the oil company is in favor of the Climate Action 100+ resolution and why the company aims for a quick transition to a low carbon energy system. He mentioned during the company's annual meeting, activists will gather and protest outside the city's exhibition center so the company will call on its stakeholders to support the Climate Action 100+, in hopes of achieving greater transparency from BP, and to showcase how the company's strategy is in line with the 2015 Paris agreement. "We recognize that the world is on an unsustainable path.

Oxy Low Carbon Ventures, a subsidiary of Occidental, and Carbon Engineering are working on the evaluation of a Direct Air Capture (DAC) and sequestration facility.

Carbfix is the industrial process to capture CO2 and other sour gases from emission sources and permanently store it as rock.

Lawrence Berkeley National Laboratory under the U.S.Department of Energy has been awarded $6 million USD to find methane 'super emitters' to help quantify and potentially mitigate methane emissions.

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