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Occidental has bought Holocene, marking the second direct air capture startup the fossil fuel company has bought in two years. The deal was executed through Oxy Low Carbon Ventures, a subsidiary of the oil and gas company, for an undisclosed amount. HeatMap first reported the news. Holocene had been racing to advance its amino acid-based…
The Biden administration will put up to $1.2 billion into two projects that will pull planet-warming carbon dioxide from the air in Texas and Louisiana. U.S. Secretary of Energy Jennifer Granholm announced the funds for the two projects in a call with reporters on Thursday. She said that these projects will help to “prove out the…