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04/30/23: The Domino Effect, Out of Thin Air, An American Down Under

60 Minutes

00:00

Oxy's Carbon Management Company

Vicki Holub is CEO of Occidental Petroleum. She wants to turn Oxy into what she calls a carbon management company. It's set aside more than a billion dollars to build the world's largest direct air capture plant in Texas. Some captured CO2 will be locked away underground just as we saw in Iceland. But using carbon sucked out of the air means the new oil produced is "carbon neutral"

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