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HomeCarbon Capture

Carbon Capture

Tesla CEO Elton Musk arrives for the Axel Springer Awards on December 1 2020 in Berlin -
Carbon Capture

Elon Musk’s $100 Million Prize Is for Removing Carbon Dioxide From the Air

February 8, 2021 Stu Turley

Elon Musk became the richest person in the world by dramatically improving electric vehicles, pushing forward a technology that reduces carbon-dioxide emissions and slows global warming. Now he’s putting $100 million of that fortune into prizes […]

Charging - Bloomberg
Carbon Capture

Spending on Global Energy Transition Hits Record $500 Billion

January 20, 2021 Stu Turley

The world spent a record $501.3 billion in 2020 on renewable power, electric vehicles and other technologies to cut the global energy system’s dependence on fossil fuels. The investments in the transition to a low-carbon […]

US Department of Energy - Energy News Beat
Carbon Capture

DOE Announces $160 Million for Projects to Improve Fossil-Based Hydrogen Production, Transport, Storage, and Utilization

January 16, 2021 Stu Turley

WASHINGTON, D.C. – The U.S. Department of Energy’s Office of Fossil Energy announced plans to make $160 million in federal funding available to help recalibrate the Nation’s vast fossil-fuel and power infrastructure for decarbonized energy and […]

Blue Planet Systems - Energy News Beat
Carbon Capture

Chevron invests in carbon capture technology startup to further cut greenhouse gas emissions

January 15, 2021 Stu Turley

Chevron Corporation on Jan. 14 said it made an investment in Blue Planet Systems, a start-up company that uses its proprietary carbon capture process to repurpose flue gas from refineries and other industrial operations into […]

Occidental to Strip Carbon From the Air and Use It to Pump Crude - Energy News Beat
Carbon Capture

Occidental to Strip Carbon From the Air and Use It to Pump Crude

January 13, 2021 Stu Turley

Deep in the Permian Basin, America’s biggest oilfield, Occidental Petroleum Corp. plans to build a facility that it believes could change the way the world thinks about fossil-fuel emissions. The globe’s first large-scale direct air capture (DAC) […]

hillips 66 adds dedicated low-carbon unit amid evolving energy landscape - Energy News Beat
Carbon Capture

Phillips 66 adds dedicated low-carbon unit amid evolving energy landscape – New group “Emerging Energy”

January 7, 2021 Stu Turley

New York — Phillips 66 is moving its emerging energy operations to a separate segment, which will stand alongside its current and more traditional operating segments to address the “dual challenge of providing energy and deploying […]

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