He sees Oxy's involvement as a clear win for the planet.ĭAVID KEITH: It used to be your oil companies wouldn't take climate seriously at all. He pioneered this direct air capture technology. At the groundbreaking for that plant, scientist David Keith was obviously thrilled. So if you care about the climate, what should you make of this? I want to take you to west Texas, where Occidental is building its first direct air capture plant to meet three men who were happy for three different reasons. That's exactly right.ĭOMONOSKE: Same tech, different goals. You're outlining, it sounds like, an alternative vision of the future, where a higher level of oil and gas operation could continue, offset by an equally higher level of carbon dioxide removal, of DAC. Vicki Hollub, the CEO of Occidental Petroleum, thinks those groups are wrong. But those climate groups are very clear - we need to do that on top of massively reducing our use of oil and gas. Is that good for the planet or bad? NPR's Camila Domonoske digs into that question in the last installment of our series.ĬAMILA DOMONOSKE, BYLINE: At this point, major climate groups agree that the world needs to pull a lot of carbon dioxide back out of the sky, and the giant machines Oxy is scaling up could be crucial to that effort. So a company profiting off carbon emissions also plans to profit off the fight against climate change. ![]() oil company Occidental Petroleum is a big player. The federal government is investing billions in this, and the U.S. This week, we've been looking at the money pouring into direct air capture technology - giant machines designed to pull carbon dioxide out of the sky.
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