Will Occidental’s Billion-Dollar Carbon Capture Bet Pay Off? ...Middle East

U.S. oil and gas company Occidental Petroleum Corporation (OXY) has big decarbonisation plans to keep its oil production going as long as it can. As the U.S. undergoes a green transition, putting pressure on companies across all industries to reduce their greenhouse gas emissions, several companies are introducing new technologies aimed at helping them produce lower-carbon fossil fuels. The use of carbon capture and storage (CCS) technologies is helping energy firms to keep their operations running even as the government pushes for a shift away…

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