Amazon Is Betting on Oil Giant Oxy’s Carbon Removal Project

Training & Events Inc. is backing a massive project by oil giant Occidental Petroleum Corp. to suck carbon from the air, the retailer’s latest effort to offset greenhouse gases emitted by its fleet of trucks, delivery vans and aircraft.

The Seattle-based company said on Tuesday that it would purchase 250,000 metric tons of carbon removal services over 10 years from Oxy.

The oil driller’s carbon-removal subsidiary, 1PointFive, is currently building a massive plant in West Texas that is designed to pull carbon from the atmosphere, a process known as direct air capture.

Amazon, which aims to eliminate its carbon emissions by 2040, says it will meet that goal primarily through operational changes like relying on solar power and electric vehicles.


Read details @ EnergyNow