Amazon will pay an oil company to help it meet climate goals

A row of people wearing suits hold up shovels at a construction site. Executives hold shovels during a groundbreaking ceremony at the Occidental Petroleum and 1PointFive Direct Air Capture (DAC) plant in Ector County, Texas, on April 28th, 2023.  | Photo by Jordan Vonderhaar / Bloomberg via Getty Images

Amazon is the latest tech giant to buy into the idea of filtering carbon dioxide out of the air as a way to combat climate change. The company is backing an oil giant, Occidental Petroleum, to help it do just that. Amazon announced today that it plans to purchase 250,000 metric tons of carbon removal from Occidental subsidiary 1PointFive.

This is the latest in a stream of announcements from Big Tech companies turning to emerging carbon removal technologies t...

Read Entire Article

© 2024 Thiratti. All rights reserved.