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A Carbon-Sucking Startup Has Been Paralyzed by Its CEO


A Carbon-Sucking Startup Has Been Paralyzed by Its CEO
Bloomberg
6 hrs ago
Leslie Kaufman and Akshat Rathi
(Bloomberg) The prototype of the device meant to stave off climate devastation looks like a shipping container wrapped in vibrant green Venetian blinds. Fans atop this shell are designed to draw air into the device, where a honeycomblike structure full of proprietary chemicals extracts carbon dioxide from the air, removing an ever-so-slight bit of planet-warming gas from the atmosphere.
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Climate scientists call this technology direct-air capture. It’s basically an air filter for the Earth.
Global Thermostat, the New York-based company that created this green box, told reporters it would be able to suck about 4,000 tons of CO₂ out of the air per year. The company is one of just three around the world with direct-air capture technology that seems to have a shot at capturing carbon on a vast scale. Scientists ....

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Exxon Holds Back on Technology That Could Slow Climate Change


Exxon Holds Back on Technology That Could Slow Climate Change
By
January 8, 2021
(Bloomberg) Elk and pronghorn antelope migrate each fall through southern Wyoming, where the sparsely vegetated landscape slowly gives way to the foothills of the Rocky Mountains. Interrupting this serene vista is a dense web of steel pipes, tanks, and pumps owned by Exxon Mobil Corp.
The industrial complex provides a clue about what lies beneath: an ancient sea of coral and marine life, petrified by time and pressure into a thick layer of rock. Known as the Madison formation, this geologic structure is miles wide and reaches more than 10 Empire State Buildings below the ground. It contains natural gas, helium, and carbon dioxide. Two of these gases are consistently valuable to Exxon’s business. The third is not and that’s a problem for everyone on the planet. ....

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