"Rolling back billions of dollars for technologies that clean up the air could send shock waves through Republican states where oil companies are pursuing carbon removal projects."
"President Donald Trump’s promises to bolster the fossil fuel industry while dismantling federal climate programs are on a collision course when it comes to carbon removal subsidies.
Exxon Mobil, Shell and other oil companies are working on technologies or projects that seek to suck carbon dioxide from the skies. Occidental Petroleum bought a carbon removal startup and is developing two megaprojects in Texas. Revoking billions of dollars in matching grants and tax credits would threaten those investments, putting thousands of potential red state jobs at risk.
Carbon removal companies use energy, CO2-absorbing materials, proprietary technologies and oil field workers to pull heat-trapping carbon from the air or seas and store it underground or in long-lasting products like concrete. Some oil CEOs have pitched carbon removal as a way to extend the fossil fuel era — an argument that has been rejected by climate scientists but could appeal to Trump."
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