As tech companies pour billions into carbon removal, Houston energy companies may reap the benefits.

reported earlier this month that removing carbon dioxide from the atmosphere has become, “unavoidable

“My biggest concern is can we actually scale up to the point it’s big enough to play the role the IPCC says it needs to,” he said. “Can it get affordable enough, so it’s widely available at less than $100 per ton?” , where the company has long pumped carbon dioxide underground to aid oil production. Along with other projects in development, the world could be on track to remove 10 million tons of carbon dioxide from the atmosphere per year by 2030, said Jon Goldberg, the CEO of Carbon Direct, an investment firm which advises corporations like Microsoft on carbon removal.“The math between 10 million and 5 billion is daunting,” Goldberg said. “But the thing is, this technology works.

“People say we'll build a wind or solar farm and use it to power the capture process, but in reality it would make a lot more sense just to use that renewable energy to close down coal plants,” said Matteo Pasquali, director of Rice University’s Carbon Hub.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Elon Musk's Boring Company now valued at $6 billion, company saysMusk's Boring company received a new infusion of cash to build its Tesla tunnels Thursday. Dear Fox Business ,I just inform Elon Musk that Jay-Z's group wanna murder me ----- their ghostwriter . then Elon blocks my Twitter and FB !He seen !! But still block mine . This kind of man cannot protect the freedom of speech.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Here are Russian oligarch Oleg Deripaska's ties to the newly sanctioned bitcoin mining companyBitRiver's operations in Irkutsk may have drawn Treasury's ire due to ties to energy companies founded by the Russian billionaire. It's going to crash the market, for sure.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Liberals' proposed online harms bill slammed in 'secret' submissions from tech companies, telecomsThe submissions said the bill could be used for censorship, as a \u0027tactic\u0027 by political parties, and a joint response by the telecoms warned of government…
Source: TheStarPhoenix - 🏆 253. / 63 Read more »