Buffett-Backed Occidental Petroleum to Buy Carbon Capture Startup

Houston-based Occidental Petroleum Corp., which is backed by billionaire investor Warren Buffett, has agreed to buy Canadian startup Carbon Engineering Ltd. for $1.1 billion. Su Keenan reports on Bloomberg Television.
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[@juanfranciscotito9092]

Pilot Energy Limited in Australia is developing a CCS project.
Project Summary: Pilot Energy Limited (Australian Company) Cliff Head project in Western Australia aims to convert an offshore oil field into a carbon capture and storage (CCS) facility.
Progress:
- Targeting storage of 1.1 million tonnes of CO2 annually.
- Recently received government regulatory approvals.
- Feasibility study confirmed the project's viability.

[@SOSSTSE]

Congratulations great job

[@adelinad3513]

So carbon capture does not work efficiently but carbon credits will, 😂😂😂

[@st.charlesofaberdeen154]

Imagine if you had one of those plants and every state and territory in the US how much cleaner are air would be

[@georgelewis3047]

Keep on imagining, because it will not happen.

[@astrogumbo]

Bout right

[@SOSSTSE]

Our New Startup SOSSTSE QUANTUM AI PROTECTION TECHNOLOGIES will be doing the same thing for for each city in the world.

[@adelinad3513]

What's your name about? Is it protection from ai, from quantum or is just protection as thought by DARPA? 😂

[@onemoreguyonline7878]

I really dont like it when petroleum companies buy up anything. It historically means they don't want something produced or released.

[@georgelewis3047]

Don't worry, DAC is doomed to fail.

[@gabb05]

Greenwashing at its finest