Direct air carbon capture

[BehindBlueI's]

Summary: oil companies inject CO2 into the ground to extract more oil from wells. Occidental Petroleum (OXY) is supposedly one of the leaders in this. They are now doing a project to capture CO2 in the air, inject it underground, and keep it there. This is supposed to help with 'carbon neutral' energy. I don't know if it will and don't care, that's not the point of this thread.

I suspect that, like Tesla, carbon credits will be a profit center for them. Unlike Tesla, I'm betting this segment will grow more. I'm buying a bit of OXY as a small bet that it may take off. I think they are too big to really explode, so to speak, but they are also big enough to eat it if this falls through. I normally like stocks that pay a better dividend (roughly 1.5% for OXY) but I'm willing to place a little gamble on this.

We'll see if I lose my lunch money or retire with eleventybajillion dollars, but I'm guessing somewhere in the middle.

 

[HoughMade]

I mean if there's going to be an artificially created economy around CO2 capture and such....we might as well find a way to profit from it.

 

[BehindBlueI's]

I mean if there's going to be an artificially created economy around CO2 capture and such....we might as well find a way to profit from it.

100% my thoughts. Rich people are going to get richer manipulating this, might as well pick up some of the crumbs for myself.

 

[JCSR]

I'm hoping they'll funnel a big part of our taxes to this new tech. You know, for the children. After all the solar fields and windmills are doing so well.

 

[JCSR]

I'm putting my money on this one.....

 

[DoggyDaddy]

I'm putting my money on this one.....

Huh. Isn't that kind of acknowledging that climate change is more impacted by the sun than it is by humans?

 

[jagee]

Concrete industry has been doing this for a few years. It's a joke. They say they can reduce the amount of cement and maintain same strength plus the bonus of "disposing" of bad carbon gasses in a way that doesn't harm the environment.

CarbonCure's Sustainable Concrete Solution

CarbonCure manufactures technology that introduces recycled CO₂ into fresh concrete to reduce its carbon footprint without compromising performance.

www.carboncure.com

 

[Leadeye]

I take care of my forest which eats CO2 every day with no energy required.

Next time the state forester does an inspection I'll have to ask where my check is.

 

[wtburnette]

Idiots doing idiotic stuff while stealing our money. Pieces of

 

[INP8riot]

They can't fix anything in this country but if we pay more $ they are sure they can fix the climate when the US only contributes minimally to the "carbon" they say is a world issue.

I'm sick and tired of their terra forming agenda.

 

[bgcatty]

All this “go green” stuff is a crock! It’s just another ploy by the Democrats to “woke up” this nation. God save us!

 

[BehindBlueI's]

MSN

www.msn.com

<- Link

Berkshire Hathaway apparently things Oxy is a good buy as well. No idea if it's because of the direct air carbon capture or some other reasons.

 

[manifest destiny]

Rich people getting richer by demonizing the building block of life. The response by some citizenry, "I'ma gonna git ritch twos". Compounding wealth on the backs of people who exhale. It's hard to bet against Warren Buffett's choice of investments, though. Hhmm...