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BlackRock invests $550 million in Occidental carbon capture project

The BlackRock investment represents about 40% of the project’s total $1.3 billion cost, making it one of the largest investments in direct air capture to date. It also means Occidental’s share of the cost is reduced, freeing up capital for its Permian basin oil and gas operations.
United States Vicki Hollub Larry Fink Occidental Petroleum Corp Blackrock Inc Occidental Petroleum

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