Home Climate justice Consortium seeks $800 million in federal support for carbon management | New

Consortium seeks $800 million in federal support for carbon management | New

0

Kern’s much-vaunted future as a carbon management capital may hinge on a local cooperative effort to compete with other parts of the country for a share of the $3.5 billion approved under the law. federal government on infrastructure investment and jobs last year.

A consortium of oil companies and other organizations is finalizing to prepare an offer of $800 million or more to help make the county one of four U.S. hubs that, by 2029, would extract the dioxide carbon from the atmosphere – “direct air capture”, or DAC – to start slowing global warming.