Sun, Sep 22, 2019

Occidental CEO calls for new U.S. laws to boost carbon capture

CHICAGO — Occidental Petroleum Corp plans to shift toward a carbon-neutral production model, it chief executive said on Thursday, but new U.S. laws are needed to support technologies designed to fight global warming.

Occidental, which recently purchased oil producer Anadarko Petroleum in $38 billion deal, is advancing its use of technologies to capture carbon, and prevent the element from escaping into the atmosphere.

Let’s keep the Green New Deal grounded in science

The promise of a Green New Deal has become a galvanizing force in US politics, inspiring climate activists and building much-needed pressure behind a sweeping federal climate plan.

But the proposed environmental and economic policy package has contained a technical flaw from the start that’s coming into sharper relief as interest groups seek to translate its high-minded ideals into nuts-and-bolts policies.

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