The net-zero strategy of Occidental Petroleum (Oxy) relies heavily on unproven carbon removal technologies to camouflage its fossil fuel emissions and those of its customers while expanding its oil and gas production, a new investigation reveals.
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The European Council and the European Parliament have approved a provisional framework aimed at certifying these technologies to attain net-zero greenhouse gas emissions by 2050.
EU legislators agreed to create a certification scheme for carbon removal, which encompasses a suite of technologies that take CO2 out of the atmosphere.