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Amazon makes first investment in direct air capture climate technology

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Amazon will purchase the credits from the 1PointFive direct air capture plant in Texas, which is being developed by oil company Occidental’s Oxy Low Carbon Ventures subsidiary

is making its first investment in direct air capture technology, which removes emissions from the atmosphere, by committing to purchase 250,000 tons of removal credits over 10 years, it said on Tuesday.

Many scientists believe extracting billions of tons of carbon dioxide from the atmosphere annually, by using nature or technology, is the only way to meet goals set under the UN Paris climate agreement to curb climate change because so many emissions are still being generated by the use of fossil fuels.

Amazon’s carbon footprint for 2022 was 71.27 million metric tons of carbon dioxide equivalent, including Scope 3 emissions which are those generated indirectly from sources the company does not control or own, such as the emissions generated by staff flying for work.

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Amazon makes first investment in direct air capture climate technologyBy Susanna Twidale and Peter Henderson (Reuters) - E-commerce giant Amazon.com is making its first investment in direct air capture technology, which ...
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