Bain & Company Inks First Direct Air Capture Carbon Removal Deal With Oxy's 1PointFive

Bain & Company Inks First Direct Air Capture Carbon Removal Deal With Oxy's 1PointFive

Bain & Company and Oxy’s 1PointFive announced a new agreement for direct air capture carbon removal credits. Under the deal, Bain & Company will purchase 9,000 metric tons of carbon dioxide removal (CDR) credits over three years. The credits will come from direct air capture (DAC) technology developed by 1PointFive at its large STRATOS facility in Texas. This deal marks an important step in how companies address climate change by removing carbon…