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.