Jan 9, 2019

Big Oil's interest in carbon capture tech increases

Photo: Justin Sullivan via Getty Images

Chevron and Occidental are investing an undisclosed amount in Carbon Engineering, a Canadian company aiming to commercialize technology that captures carbon emissions directly from the atmosphere.

Why it matters: It's a clear sign of increasing interest in the viability of direct air capture (DAC) technologies.

From Carbon Engineering's announcement on Wednesday:

"This ... highlights the first significant collaboration between a DAC developer and the energy industry, with two global energy leaders investing in DAC as a mechanism to reduce emissions from transportation and enable permanent capture of existing atmospheric CO2 that can be utilized both in oil production and in direct synthesis of fuels."

Where it stands: The two U.S.-based multinational firms are joining some existing, high-profile backers, according to Financial Post.

  • "Privately held Carbon Engineering Ltd. already counts some big-name investors among its shareholders, including Microsoft founder Bill Gates and Canadian Natural Resources Ltd. founder Murray Edwards," it reports.
  • The amount of the investment was not disclosed.

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Updated 47 mins ago - Politics & Policy

CNN crew arrested live on air while reporting on Minneapolis protests

CNN's Omar Jimenez and his crew were arrested Friday by Minneapolis state police while reporting on the protests that followed the death of George Floyd, a black man who died in police custody in the city.

What happened: CNN anchors said Jimenez and his crew were arrested for not moving after being told to by police, though the live footage prior to their arrests clearly shows Jimenez talking calmly with police and offering to move wherever necessary.

First look: Trump courts Asian American vote amid coronavirus

Photo: Sarah Silbiger/Getty Images

The president's re-election campaign debuts its "Asian Americans for Trump" initiative in a virtual event tonight, courting a slice of the nation's electorate that has experienced a surge in racism and harassment since the pandemic began.

The big question: How receptive will Asian American voters be in this moment? Trump has faced intense criticism for labeling COVID-19 the "Chinese virus" and the "Wuhan virus" and for appearing to compare Chinatowns in American cities to China itself.

How the U.S. might distribute a coronavirus vaccine

Illustration: Annelise Capossela/Axios

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Why it matters: Potential game-changer vaccines will be sought after by everyone from global powers to local providers. After securing supplies, part of America's plan is to tap into its military know-how to distribute those COVID-19 vaccines.