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How an oil giant took control of Biden's billion-dollar bet on carbon capture

Vicki Hollub, center left, attends a groundbreaking ceremony at the Occidental and 1PointFive Direct Air Capture (DAC) plant in Ector County, Texas, on April 28. Bloomberg photo by Jordan Vonderhaar
Bloomberg
Kevin Crowley

When Occidental Petroleum’s Vicki Hollub introduced the idea of ”net zero oil” two years ago, few outside the chief executive officer’s inner circle knew what she meant. It was easy for climate-minded critics to dismiss the rhetoric as a greenwashing ploy from an embattled oil executive trying to stay relevant in a world transitioning away from fossil…

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Bloomberg