Thread regarding Occidental Petroleum Corp. layoffs

3.7 billion in carbon capture projects cancelled

https://www.eenews.net/articles/doe-axes-clean-energy-grants-worth-nearly-4b/

It doesn’t mention Oxy, so I am assuming we are safe?

by
| 1131 views | | 6 replies (last June 5, 2025) | Reply
Post ID: @OP+1jwh71k9x

6 replies (most recent on top)

Exxon predicting peak oil at 2030 and will plateau out to 2050.... Lots of time to make money looking for and producing grease.... Timing poor to be first thru the door with DAC.

by
| | Reply
Post ID: @158+1jwh71k9x

Too bad we can't find oil and gas (with the talent we have) and not rely on hopes and dreams of DAC....

by
| | Reply
Post ID: @f4+1jwh71k9x

Safe? Like feeding a diabetic chocolate. We are our own demise.

by
| | Reply
Post ID: @ck+1jwh71k9x

Who is safe?? What a question....

by
| | Reply
Post ID: @an+1jwh71k9x

Big mistake was in ever thinking we could depend on the govt. I am not so sure we are not in so deep now that funding has to keep going on.

by
| | Reply
Post ID: @aa+1jwh71k9x

Oxy is mentioned: "Also slated for termination was a direct air capture project by a subsidiary of Occidental Petroleum Corp. that had been selected for an award of as much as $1.2 billion by the Biden administration".

by
| | Reply
Post ID: @a7+1jwh71k9x

Post a reply

: