![]() ![]() Throughout 2022, the price of Occidental's stock has been on the rise. Occidental has a great track record when it comes to its environment protection initiatives, which is in part why it's an excellent choice for those who want to invest in carbon capture stocks. With a sizable market cap, Occidental is a company many have decided to put their money behind, in large part because of their work with carbon capture and their commitment to pursuing a reduced-carbon future. ![]() Occidental, or Occidental Petroleum Company, is the seventh largest oil and gas company in the US.īased in Texas, Occidental is not a pure carbon capture company, but they've been researching and developing carbon capture methods to make their oil refining process greener, and they're definitely a leader when it comes to capturing carbon. Looking for other ESG investments? Check out these desalination stocks or these geothermal stocks! 1. There are already at least 21 large-scale carbon capture projects in the works, and more are on the way making carbon capture investments worthwhile. The ongoing global warming crisis has made the world desperate for new sources of renewable energy and ways to reduce carbon dioxide emissions, and the companies that can fill this demand stand to yield huge profits. ![]() The extraction process itself is an expensive and time-consuming endeavor, but it's one that's necessary given the world's current demand for cleaner energy. To capture carbon, there needs to be an efficient and effective way to store it. The captured carbon is used by many industries, including the agriculture, transportation, energy, and manufacturing industries. Final Thoughts on the Best Carbon Capture Stocks What Is Carbon Capture?Īfter years of technology development, carbon capture is now being used on a much wider scale.Ĭarbon capture is when carbon is pulled from the atmosphere and stored in an underground facility. ![]()
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