Occidental's Dac Plan Sparks Climate Concerns

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16 hours ago

Summary

Occidental's DAC plan aims to pump more oil using CO2 injection, sparking climate concerns. The company had previously aimed to use DAC for carbon capture, but has changed its strategy. Direct air capture remains expensive, with costs ranging from $600 to $1,000 per metric ton.

Key Points

Occidental's Dac Plan Aims To Boost Oil Production
CO2 Injection Into Wells May Not Be Sustainable
Direct Air Capture Remains Expensive And Inefficient

Why It Matters

This plan highlights the complexity of balancing climate goals with economic interests, as oil companies continue to explore new methods for increased production.

Author

Tim De Chant

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