Plus, the CO2 must be stored permanently.
Among the most active firms so far has been Swiss start-up Climeworks, which has raised more than $800 million to date and is backed by Singaporean sovereign investor GIC.Article content The real challenge, though, was access to talent, Gebald said. “Where are you getting those people in the next 30 years?… there’s no university program on DAC.”
“Hopefully that will help in a virtuous cycle that galvanizes even more support from corporations buying carbon credits, and maybe from state and local governments.”Article contentThe sites being bid for stretch across the breadth of the country, yet all have several things in common: they are near cheap, renewable energy and plenty of space to store the gas.
Oil companies are also far ahead in getting permitted, sequestration wells, guaranteed to keep the CO2 in the ground.Article content