Amazon Signs Deal with Occidental's 1PointFive for Carbon Direct Air Capture

September 14, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--After signing several power purchase agreements with renewable energy developers, Amazon.com Incorporated (NASDAQ:AMZN) (Seattle, Washington) is taking a new direction in its goal of achieving net-zero carbon emissions by 2040. Earlier this week, Amazon signed an agreement with Occidental Petroleum Corporation (NYSE:OXY) (Houston, Texas) subsidiary 1PointFive to purchase carbon removal credits for a 1PointFive direct air capture (DAC) project being developed in Texas.

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