Startup developing technology for sucking carbon from air just sold to a Warren Buffett-backed oil giant for $1.1 billion

Warren Buffett-backed Occidental Petroleum Corp. agreed to buy Canadian startup Carbon Engineering Ltd. for $1.1 billion as the oil producer expands its position as a leader in removing carbon dioxide from the atmosphere. Occidental will pay in cash and expects the deal to close before the end of…#warrenbuffett #carbonengineeringltd #occidental #houston #carbonengineering #westtexas #dac #vickihollub #berkshirehathawayinc #bigoils

Source: Reuters: Health - August 16, 2023 Category: Consumer Health News Source Type: news