No. of Recommendations: 2
investors.com - Warren buffett carbon cutting play just made a year deal with amazonIn Texirish's wheelhouse but I find OXY's vision and game plan interesting. Excerpt:
'' Companies are pouring billions of dollars into developing a carbon capture market estimated at a modest $2 billion in 2021. Occidental estimates the carbon capture market will hit $50 billion a year by 2030. Exxon sees it going as high as $4 trillion by 2050.
Carbon capture is nothing new. Oil and natural gas producers for decades have reinjected production site exhaust. It's a means to pressurize reservoirs and coax additional product out of the ground.
However, now it is being billed as a way to capture exhaust emissions.
Meanwhile, the Warren Buffett-backed OXY has been an early adopter of the direct air capture technology. Occidental's roadmap calls for bringing three carbon-sequestration hubs online by 2025, and building 70 direct air capture plants across the world by 2035.'
