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US-Based CarbonCapture Raises $80 Million From Saudi Aramco, Others usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Los Angeles-based CarbonCapture, which aims to build machines that suck carbon dioxide out of the air to fight climate change, said it had raised $80 million from investors that include Saudi oil giant Saudi Aramco. The money raised in CarbonCapture's latest major funding round represents one of the largest injections of private capital into direct air capture (DAC) – a technology that has yet to be proven at scale - over the last five years, according industry tracker PitchBook. "This is exactly what has to happen - this alignment with large industrial partners who have the capacity, the access to capital, the skills to actually scale DAC to a meaningful level," CarbonCapture CEO Adrian Corless said in an interview with Reuters.
Los Angeles-based CarbonCapture, which aims to build machines that suck carbon dioxide out of the air to fight climate change, said it had raised $80 million from investors that include Saudi oil...
A case in point: When Ecuador placed a windfall tax on foreign oil operations, French and U.S. companies filed claims—and were awarded more than $800 million.
The UAE's state-owned company, whose CEO will lead the talks, is pledging lofty climate goals. But it has a "high" probability of failing to meet them, a document obtained by POLITICO's E&E News says.
Indigenous Women in Peru Seek to Turn the Tables on Big Oil, Asserting 'Rights of Nature' to Fight Epic Spills insideclimatenews.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insideclimatenews.org Daily Mail and Mail on Sunday newspapers.