Oil giant quietly ditches the world’s biggest carbon capture plant

Century’s struggles show the risk of underwriting the cost of carbon capture with fossil fuel revenues. — Bloomberg

LONDON: The world wants to master the process of corralling carbon, and Occidental Petroleum Corp is building a futuristic machine on the dusty plains of Texas designed to do just that.

The billion-dollar complex, called Stratos, will suck carbon dioxide out of the atmosphere and bury it deep underground.