If we were an investor in either Occidental Petroleum or Worley, we’d be very worried. In a conversation with Daniel Yergin, vice chairman, IHS Markit, both Vicki Hollub, CEO of Occidental Petroleum, and Chris Ashton, CEO and managing director of Worley discuss their partnership to build a large-scale direct air carbon capture facility in the Permian Basin (expected to startup in 2024) and the potential to scale the technology further. Hollub and Ashton are gambling the future of their companies on so-called carbon capture.
If we were an investor in either Occidental Petroleum or Worley, we’d be very worried. In a conversation with Daniel Yergin, vice chairman, IHS Markit, both Vicki Hollub, CEO of Occidental Petroleum, and Chris Ashton, CEO and managing director of Worley discuss their partnership to build a large-scale direct air carbon capture facility in the Permian Basin (expected to startup in 2024) and the potential to scale the technology further. Hollub and Ashton are gambling the future of their companies on so-called carbon capture.