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Will Occidental capture and store 1 million tons of carbon by the end of 2024?
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Resolution / Starting Odds
Yes • 50%
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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%
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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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76-100% • 25%
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Yes • 50%
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Less than 5 million tons • 25%
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Industrial plants • 25%
Power plants • 25%
Refineries • 25%
Other sources • 25%