BNEF Brief: Oil Companies Bury Emissions of 20 Million Cars in Texas

The video discusses the growing role of oil companies in carbon neutrality, focusing on Occidental's efforts to become carbon neutral and eventually carbon negative through CO2 sequestration. Vicki Hollub, CEO of Occidental, highlights their international initiatives and technical assistance to others. Anastasia Dialysis from Bloomberg explains carbon capture and storage, particularly enhanced oil recovery, where CO2 is injected into oil reservoirs to extract more oil while trapping CO2 underground. The video also covers the industry's adoption of this technology, with companies like EOG exploring its use in shale rock.

What is the role of oil companies in carbon capture and storage?

What is the significance of Vicki Hollub's statement regarding CO2 injection?

How does carbon capture and storage contribute to becoming carbon neutral?

What are the methods used in enhanced oil recovery related to carbon capture?

What challenges do companies face when implementing carbon capture in shale rock?