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United to invest in 'direct air capture' as it makes 2050 carbon-neutral pledge | News


By Jon Hemmerdinger2020-12-10T13:46:00+00:00
United Airlines has unveiled an effort to become carbon neutral by 2050 through investments in a process that strips CO2 from air and deposits it underground.
Chicago-based United will initially make a “multi-million investment” in that process, called “direct air capture and sequestration”.
The investment will go to a company called 1PointFive, which is jointly owned by a subsidiary of Occidental Petroleum and private equity firm Rusheen Capital Management.
Source: United Airlines
A United Airlines Boeing 777-300ER taking off
The funds will help 1PointFive “build the world’s largest direct-air capture and sequestration plant”, says Kirby. “We are committed to be 100% green by 2050.” ....

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