So Occidental Petroleum, a big American oil company, they are really good at a kind of oil production that involves injecting CO2 underground to squeeze more oil out of old wells. So when they heard about this technology to pull carbon out of the sky, they thought, wait; this could work for us. They plan to put some carbon underground just to store it.
This is worse than a zero sum game. Every litre of oil produces multiple litres of CO2 gas.
Sucking carbon dioxide out of the sky is moving from science fiction to reality
Occidental Petroleum is investing in billion-dollar projects to suck carbon dioxide out of the sky. The effort is raising hopes — and eyebrows...