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Letter from London: Occidental’s oil-led defence of DAC
Company warns against potential withdrawal of federal funding for emerging technology as it eyes key role for CO₂ in boosting both conventional and shale oil recovery in US
Letter on carbon: Meet America’s first CCS major
Deal with Calpine shows oil and gas major ExxonMobil has no intention of curbing its CCS ambitions, despite US policy risks and broader scepticism over the energy transition
CCS costs surge as trade war rattles developers
Volatile tariffs add new risks for a sector already struggling to achieve economies of scale
Occidental secures EPA backing for DAC storage
STRATOS project in Texas granted Class IV permits despite deep uncertainty over Trump administration’s readiness to support carbon management tech
New York eyes leading role in offshore wind
Wind US
Stuart Penson
28 September 2021
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New York City pitches for offshore wind business

City sets out 15-year plan to attract investment of over $1bn/yr and launch technology accelerator

New York City has launched a 15-year plan to position itself as a leading location for offshore wind. Mayor Bill de Blasio and the New York City Economic Development Corporation (NYCEDC) have pledged to invest $191mn as part of the city’s 'Offshore Wind Vision' project, which aims to attract average annual investment of $1.3bn and create 13,000 jobs. The project will focus on improving research and development, infrastructure and workforce for the nascent sector. “The city will work to develop best-in-class infrastructure that will support the construction and operation of offshore wind farms,” the NYCEDC says in a statement. “The plan outlines how the city will expand its manufacturing sect

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Letter from London: Show me the carbon
11 November 2025
Transition policies must recognise that significant industrial demand for carbon will continue even as economies hit net zero

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