Direct Air Capture of CO2, The Next Climate Non-Solution Boondoggle. AIA Weekly Update 8-12-23

Warren Buffett is famous for his investment in utilities, like Mid -America Energy which has a very large renewable component. He likes free money from the government and has said he would not build renewable projects without them.

The next free money gag was carbon capture and sequestration. Now OXY has been awarded $1.2 billion to build a direct air capture plant. Buffett has been buying OXY stock for a while.

Got to hand it to the guy. He gets the benefit of higher oil prices and free money from the government for goofy ideas to solve non-problems.