BlackRock invests $550m in Texas direct air capture plant planned by Occidental Petroleum

Cecilia Keating
clock • 3 min read
Credit: iStock
Image:

Credit: iStock

Occidental Petroleum CEO says deal is proof DAC has become 'investable technology'

BlackRock has announced it will invest $550m in a direct air capture (DAC) plant in Texas planned by US oil and gas producer Occidental Petroleum. The Stratos project is the largest planned DAC project...

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