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Without federal regulation, she said “it really hurts competition and it forces these companies into sort of a marketing arms race instead of being able to focus their efforts on making sure that there really is a demonstrable climate impact.”Supreme Court allows rule limiting pollution from coal-fired power plants to remain in effectThe nonprofit defines carbon removal as any solution that captures carbon dioxide from the atmosphere and stores it permanently.
“It does not mean that the underlying technology is not a good thing,” said Wagner. Direct air capture “decreases emissions, but in the long run also extends the life of any one particular coal plant or gas plant.”, Occidental CEO Vicki Hollub said, “Together, Occidental and Carbon Engineering can accelerate plans to globally deploy technology at a climate-relevant scale and make the preferred solution for businesses seeking to remove their hard-to-abate emissions.
“But considering it can cost ten to 100 times more to try to remove a ton of carbon rather than prevent it, how is that even remotely conscionable to spend public dollars on this kind of stuff?” he said.