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.

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