Carbon

The Permian Basin in West Texas has been chosen to site the world’s largest direct air capture (DAC) and sequestration facility, according to Occidental Petroleum Corp. (Oxy) and Carbon Engineering Ltd. (CE).

Baker Hughes, a GE company (BHGE) on Monday committed to cutting in half by 2030 its carbon dioxide equivalent (CO2e) emissions and to achieving net-zero emissions by 2050.

Royal Dutch Shell plc said Monday that it plans to link executive compensation to its long-term goal of reducing the net carbon footprint of its energy products.

*Part two of four. From east to west, this series previews the Nov. 6 midterm elections and their implications for the oil and natural gas industry. It offers a glimpse of candidates running for state and federal offices, the prominent energy-related issues factoring into campaigns, ballot initiatives and the fight for control of the U.S. House and Senate, which could have implications for key energy committees. Part 1 reviewed Appalachian issues;Part 3 highlights key issues in U.S. Senate races; andPart 4 focuses on implications of a possible Democratic takeover of the House

ExxonMobil Corp. is committing $1 million over two years to Americans for Carbon Dividends (AFCD), the first oil and gas company to back a group that is advocating for a U.S. carbon tax.

The California Air Resources Board (CARB) extended the state’s low carbon fuel standard (LCFS) to 2030, increasing the carbon reduction goal from 10% to 20%. CARB said the amendments were needed to “make the program more versatile and comprehensive” for fighting climate change.

Gov. Jerry Brown on Monday vaulted California into a 27-year effort to eliminate carbon emissions from the power generation mix by signing Senate Bill 100 and issuing an executive order establishing a 2045 target for achieving carbon neutrality.

To the chagrin of the oil and gas industry, Washington state for the second time in two years has placed an initiative on its ballot to establish the first carbon tax in the United States.

Occidental Petroleum Corp. (Oxy) and White Energy are evaluating the economic feasibility of a carbon capture project in West Texas that could help Oxy produce more Permian Basin oil.