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Direct Air Capture and Big Oil Details CLIMATE POLITICS-CNBC recently produced a 17-minute video about direct air capture (DAC) and corporations, specifically big oil, funding R&D operations. The video discusses the basic technology, as well as some pitfalls. Direct air capture is in early stages of developing technology to remove atmospheric CO2. (Source: Money is Pouring Into Carbon Capture Tec, But Challenges Remain, CNBC, March 3, 2021) By implication, the oil giants are clearly aware of what’s at stake (a) the planet is stressed almost beyond limits (b) there’s some money to be made trying to fix it (c) it’s a great PR gig. But the problem is much bigger and more complex than oil and gas betting on early-stage development of technology to capture the same emissions they created in the first instance. Direct air capture is complex and expensive with sizeable infrastructure requirements, explained in further detail hereinaft ....
by Robert Hunziker / March 12th, 2021 CNBC recently produced a 17-min video about direct air capture (DAC) and corporations, specifically big oil, funding R&D operations. The video discusses the basic technology, as well as some pitfalls. Direct air capture is in early stages of developing technology to remove atmospheric CO2. By implication, the oil giants are clearly aware of what’s at stake (a) the planet is stressed almost beyond limits (b) there’s some money to be made trying to fix it (c) it’s a great PR gig. But, the problem is much bigger and more complex than oil and gas betting on early stage development of technology to capture the same emissions they created in the first instance. Direct air capture is complex and expensive with sizeable infrastructure requirements, explained in further detail hereinafter, a real eye-opener. ....