Big Oil is funding future climate tech — but should they?

Oil companies’ investments in direct air capture raise questions about climate justice.

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Leading direct air capture startups have secured equity financing from oil and gas companies. Photo: Carbon Engineering

Carbon removal done the oil industry way might prove to be a win for the climate, but not for society.

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Direct air capture fans developed and operated by Climeworks. Of the leading DAC developers, Climeworks is the only not to take equity funding from major fossil fuel companies. Photo: Climeworks

If we reach a stable climate in a way that makes for a worse future, then we haven’t actually done good.

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