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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: abromber ⎊  😊 😞
Number: of 22353 
Subject: OXY selling carbon credits backed by DAC
Date: 07/09/24 9:36 PM
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OXY just announced its 1PointFive carbon capture and sequestration unit has agreed to sell MSFT 500K metric tons of carbon dioxide removal (CDR) credits over six years to support MSFT's commitment to becoming carbon negative by 2030. The CDR credits will be enabled by STRATOS, OXY's first industrial-scale direct air capture facility currently under construction in Texas. Under the deal terms, the captured carbon dioxide underlying the credits will be securely stored through subsurface saline sequestration and will not be used to produce oil and gas.

OXY said the agreement is the largest single purchase of CDR credits enabled by direct air capture to date.

1pointfive.com - And microsoft announce agreement for direct air capture cdr credits

abromber
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This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
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