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In the span of a decade, direct air capture technology that draws CO2 out of the atmosphere has gone from wildly expensive to somewhat expensive. Companies like Microsoft, which set a target to eliminate its emissions by 2030, is happy to pay more to get the ball rolling. But smaller companies would still balk at … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government and Italian energy company Eni will announce on Thursday the final go-ahead for a 38-mile pipeline to gather carbon dioxide from industrial plants around Liverpool and Manchester and bury it offshore. Two … Read more
Occidental has bought Holocene, marking the second direct air capture startup the fossil fuel company has bought in two years. The deal was executed through Oxy Low Carbon Ventures, a subsidiary of the oil and gas company, for an undisclosed amount. HeatMap first reported the news. Holocene had been racing to advance its amino acid-based … Read more
Apple, Microsoft, and Amazon are all locked in a race to see who can zero out their carbon pollution first. Apple reported on Wednesday that it is more than halfway there. Since 2015, the company has reduced its greenhouse gas emissions by around 60%, the company said. That covers everything from manufacturing and marketing to … Read more
Microsoft announced on Friday that it is buying 3.7 million metric tons of carbon removal credits from CO280, a project developer that works with pulp and paper mills. The purchase covers 12 years of emissions from CO280’s first carbon capture project at a mill on the Gulf Coast. CO280 expects the facility to start capturing … Read more
In its first-ever public response, Costa Rica’s highest tourism authority — the Costa Rican Tourism Institute (ICT) — has addressed the use and regulation of carbon monoxide detectors in hotels following the death of Yankees alum Brett Gardner’s 14-year-old son Miller. “In the evaluation processes applied to lodging businesses that voluntarily apply to the Costa … Read more
The Costa Rican hotel where New York Yankee star Brett Gardner’s 14-year-old son, Miller Gardner, died has issued a statement after authorities reported that carbon monoxide was found in his family’s hotel room. “We deeply regret the recent death of a minor at our facilities due to unconfirmed causes,” the Arenas Del Mar Beachfront & … Read more
Carbon dioxide has been detected on a planet outside our solar system for the first time. The gas has been observed directly by the James Webb Space Telescope on four exoplanets, all belonging to the HR 8799 system, located 130 light-years from Earth. The detection of CO2 offers clues as to how distant planets form, … Read more
Asian businesses will need to prepare for a world where they pay for their emissions—and adjust their strategy accordingly. Read More
Two years ago, oil and gas company Occidental bought carbon capture startup Carbon Engineering. The transaction was hailed as a win-win: A climate tech company scored a significant exit, and a fossil fuel company gained a foothold in a sector that could be worth up to $150 billion by 2050. Now we have a better … Read more
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