Occidental's project to capture CO2 takes a hit from inflation

By Sabrina Valle and Ruhi Soni HOUSTON, Nov 9 (Reuters) – U.S.oil producer Occidental Petroleum Corp on Wednesday increased by about 22% its estimated investment for the world’s first large-scale direct air capture (DAC) project and disclosed plans to build others. The Houston-based company now expects to spend $1.1 billion on the project under construction …

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