The Climeworks Scandal That Wasn’t

The Climeworks Scandal That Wasn’t

Two events last week thrust direct air capture carbon removal into the spotlight — one promising, though controversial for some, the other mendacious and ill-informed. On Friday, Occidental announced a potential $500 million joint venture investment from Adnoc’s XRG, the lower-carbon investment wing for the United Arab Emirates state-run oil company in Oxy’s South Texas DAC Hub project. The facility is part of the $3.5 billion federal DAC hubs p…

Climate company Climeworks, which has two air extraction plants in the geothermal park of Orka Náttúrunnar in Hellisheiði, is planning extensive collective layoffs. This was revealed in an interview with Swiss state television SFR on Wednesday's evening news. In it, the company's co-founder, Jan Wurzbacher, further admitted that the company's capture figures were a problem and blamed the situation in Iceland, where one of the world's most famous…