Amazon will pay an oil company to help it meet climate goals
by Justine Calma from The Verge - All Posts on (#6EPE2)
Executives hold shovels during a groundbreaking ceremony at the Occidental Petroleum and 1PointFive Direct Air Capture (DAC) plant in Ector County, Texas, on April 28th, 2023. | Photo by Jordan Vonderhaar / Bloomberg via Getty Images Amazon is the latest tech giant to buy into the idea of filtering carbon dioxide out of the air as a way to combat climate change. The company is backing an oil giant, Occidental Petroleum, to help it do just that. Amazon announced today that it plans to purchase 250,000 metric tons of carbon removal from Occidental subsidiary 1PointFive.
This is the latest in a stream of announcements from Big Tech companies turning to emerging carbon removal technologies to help them meet their climate goals. Sucking CO2 out of the atmosphere is one way to try to undo the damage caused by pollution companies have already created. But much of the carbon removal industry has deep ties to oil and gas. And when companies like Amazon pay to deal with their...