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How many new carbon capture projects will Occidental initiate by mid-2025?
2
Resolution / Starting Odds
0 • 25%
1 • 25%
2 • 25%
3 or more • 25%
Occidental Petroleum's official announcements and third-party reports
Story
Microsoft Partners with Occidental for Carbon Credit Deal to Offset AI Energy Surge
Jul 9, 2024, 02:40 PM
Microsoft has signed a carbon credit deal with Occidental Petroleum's unit, 1PointFive, to help offset the energy surge from its AI operations. The agreement will enable Microsoft to offset its emissions by paying Occidental Petroleum to remove carbon from the atmosphere and store it underground. This move is part of Microsoft's broader strategy to become carbon-negative by the end of the decade. Occidental, one of the largest US oil producers, will facilitate this through its carbon capture technology.
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Completion of infrastructure setup • 25%
First million tons of CO2 stored • 25%
Partnership with new emitters • 25%
No major milestone achieved • 25%
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100,001-200,000 tons • 25%
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51-100 • 25%
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Reaches 1 million tons of CO2 captured • 25%
Reduces cost per ton to below $100 • 25%
Achieves energy-neutral operation • 25%
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