Category: World
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Occidental Petroleum Purchases Carbon Engineering
US Company Occidental Petroleum purchased the largest carbon capture company in the world, Carbon Engineering, for $1.1 billion on Tuesday August 15. It set the goal of building 100 plants with direct air capture technology (DAC), which extracts carbon dioxide straight from our atmosphere and either stores it underground, or uses it to create fuel.…
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Understanding the Norfolk Southern Train Derailment
On February 3, 2023, a freight train with 150 cars and three locomotives derailed in East Palestine, Ohio, near the Ohio-Pennsylvania border. Though nobody was hurt in the crash, the train released fires and toxic chemicals, resulting in the evacuation of thousands in the nearby vicinity. On February 5, the National Transportation Safety Board (NTSB)…
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The CEO of Patagonia’s Drastic Action
Yvon Chouinard is the founder of the iconic brand Patagonia. Recently he transferred ownership of the $3 billion company to a nonprofit organization. All of the profits, approximately $100 million per year, will be used to combat climate change and protect undeveloped land. Chouinard’s progressive approach to how big companies should manage their profits might…
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New Williams Transco Pipeline
Recently, the Transcontinental Gas Pipe Line Corporation (Transco) came up with a new proposal for a natural gas pipeline, creating conflict between those for and against the idea. Gas pipelines are networks of pipes that move gas from place to place. Natural gas, a non-renewable source of energy, is often used for necessary appliances like…
