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Occidental CEO Sees a 'Lot of Incoming Interest' in Asset Sales bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) BlackRock Inc. will invest $550 million of client money into Occidental Petroleum Corp.’s Stratos project, which will be the world’s largest plant capturing carbon dioxide directly from the air.Most Read from BloombergWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtTrump's Wealth Has Jumped $500 Million Since He Left the White HouseApple Delays Work on Next Year’s iPhone, Mac Software to Fix BugsS&P Defies Fed ‘Pushback’ in Longest Win Since ‘21: Markets WrapTrump Testi ....
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. ....
BlackRock Invests $550 Million in Occidental Carbon Capture bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.