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re: Occidental Petroleum buys carbon air capture tech firm for $1.1 billion
Posted on 8/15/23 at 6:58 pm to Klark Kent
Posted on 8/15/23 at 6:58 pm to Klark Kent
quote:
such a scam
It really is. However the government is backing the scam with incentives. Tax breaks, subsidies, etc...
Same with Hydrogen fuel.
If you want to get in on this shite do it early and often while governments are throwing money at it. Lots of money to be made regardless of whether it works, doesn't work, is economical, etc... LOTS.
2
Posted on 8/15/23 at 7:41 pm to Tridentds
quote:
However the government is backing the scam with incentives. Tax breaks, subsidies, etc...
Government isn’t backing the scam; they created it.
Posted on 8/15/23 at 10:05 pm to Tridentds
I work for a startup that are planning billion dollar clean Ammonia, Hydrogen, Sustainable Aviation Fuel & Renewable Diesel and CCS injection projects. Each project captures CO2 emissions, not DACs, but capturing emissions right off pipes (99.6% of what we capture is CO2 right off exhaust pipes and not 0.04% like DACs straight out of air) and transferring to carbon sinks to inject. Which this part of the country has many permeable reservoirs for it.
These projects would in no way be profitable or at least decently without tax credits. I know. I create the complex financial models for the projects and model the tax credits daily. The 45Q, 45V, and 45Z credits.
Government has to do them otherwise no one would partake in the projects.
These projects would in no way be profitable or at least decently without tax credits. I know. I create the complex financial models for the projects and model the tax credits daily. The 45Q, 45V, and 45Z credits.
Government has to do them otherwise no one would partake in the projects.
This post was edited on 8/16/23 at 2:43 am
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