It looks like Occidental’s big carbon capture and storage (CCS) plan is being made a reality thanks to major funding from the Department of Energy (DoE), showing an increasing trend for CCS financing in the U.S. Earlier this year, U.S. oil and gas company Occidental Petroleum Corporation (OXY) announced big decarbonisation plans to ensure it could continue with its oil production while adhering to green transition expectations for as long as possible. The firm has now received major funding from the DoE to develop its massive direct air capture…
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