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https://www.investors.com/news/warren-buffett-carb...

In 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.'

What I don't understand about carbon capture:

How is it better than growing fast-growing trees and burying them or weighting them and dropping them to the bottom of the ocean?

Why build fancy things with filters and fans and chemistry to capture CO2 from the air when we already have a ton of things that do it for free?

Thanks in advance for any help,

Mike/Raplh

They use CO2 to extract oil. So if you can capture it and sell credits then all good

Not clear it is better. Nobody has deployed any CCS solution at scale but neither are they trying to bury biomass at scale. Assuming a hypothetical regime where humanity actually was making serious efforts to reduce atmospheric CO2, it would make sense to let different solutions compete for carbon tax credits or whatever other source of $$$ is funding those efforts.

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Berkshire Hathaway FAQ

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