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How much carbon will Occidental remove by the end of 2024?
2
Resolution / Starting Odds
Less than 500,000 tons • 25%
500,000 to 1 million tons • 25%
1 million to 1.5 million tons • 25%
More than 1.5 million tons • 25%
Occidental Petroleum's official reports and third-party audits
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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Yes • 50%
No • 50%
0-25% • 25%
26-50% • 25%
51-75% • 25%
76-100% • 25%
0-100,000 tons • 25%
100,001-200,000 tons • 25%
200,001-300,000 tons • 25%
300,001-400,000 tons • 25%
Less than 50,000 tons • 25%
50,000 to 100,000 tons • 25%
100,000 to 150,000 tons • 25%
More than 150,000 tons • 25%
Offsetting AI operations emissions • 25%
Offsetting data center emissions • 25%
Offsetting general corporate emissions • 25%
Other specific applications • 25%
Less than 1 million tons • 25%
1 million to 2 million tons • 25%
2 million to 3 million tons • 25%
More than 3 million tons • 25%
Completion of infrastructure setup • 25%
First million tons of CO2 stored • 25%
Partnership with new emitters • 25%
No major milestone achieved • 25%
Less than 5 million tons • 25%
5 to 10 million tons • 25%
10 to 15 million tons • 25%
More than 15 million tons • 25%
Less than 1 million tons • 25%
1-2 million tons • 25%
2-3 million tons • 25%
More than 3 million tons • 25%
No additional measures • 25%
Minor measures • 25%
Moderate measures • 25%
Major measures • 25%
Reaches 1 million tons of CO2 captured • 25%
Reduces cost per ton to below $100 • 25%
Achieves energy-neutral operation • 25%
Other milestone • 25%