Stories by Amy Harder

Record investment pours into carbon-tech company

Illustration: Rebecca Zisser/Axios

Carbon Engineering brought in a record $68 million worth of private equity, which will enable the Canada-based company to commercialize zany-sounding technology capturing carbon dioxide emissions from the sky.

Why it matters: This type of technology does far faster what trees can and naturally: suck carbon dioxide out of the atmosphere. Because there's already so much buildup, scientists say we’ve reached a point in which some CO2 needs to be removed to limit Earth’s temperature rise and avoid the worst impacts of a warmer world.

Natural gas company backs carbon tax that would cost it millions

Tellurian Founder Charif Souki
Tellurian co-founder Charif Souki. Photo by Anthony Harvey/Getty Images

HOUSTON — A carbon tax would cost natural gas export company Tellurian Inc. hundreds of millions of dollars, but the company's founder is still backing the policy.

Driving the news: The Houston-based company has done internal modeling showing projected costs on its operations from a carbon tax, which at roughly $200 million a year would be “significant,” says co-founder Charif Souki. Tellurian announced last week it was donating $2 million to Columbia University’s Center on Global Energy Policy to research a carbon tax and related policies.

Column / Harder Line

Trump and Republicans are isolated on climate change

Trump riding an elephant while floating on a sheet of ice
Illustration: Lazaro Gamio/Axios

President Trump and congressional Republicans are increasingly outliers in an otherwise emerging consensus across America that climate change is a problem and that the government should pass new laws to address it.

The big picture: The shift has been underway for the last couple of years, driven by investor pressure, growing public concern and mounting scientific urgency. In the last several months, the fervor around the Green New Deal is accelerating this shift and accentuating Republicans’ isolation and their internal divisions — as a handful of Republicans break ranks and acknowledge the problem is real.

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