Elon Musk, Microsoft and oil giants adore Occidental and Exxon Mobil are investing in carbon capture applied sciences. Carbon Engineering and Climeworks are two birth-usathat like built machines to suck CO2 straight out of the ambiance in a process is called recount air capture. However the technology faces a determination of challenges, one in every of which is that there’s for the time being no market for the captured CO2. As a consequence, some companies are selling their captured CO2 to grease companies, which put it to use to fabricate even more oil.
Correction (March 4, 2021): At 9:08 we misstated a firm that invested in Carbon Engineering. The most effective firm is BHP.
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Money Is Pouring Into Carbon Capture Tech, However Challenges Dwell