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With Big Oil Declining, Carbon Removal Could Take Its Place

A new study shows that revenues in the fledgling industry could soon come to rival those of today’s oil and gas giants.

Carbon Engineering’s plant captures carbon dioxide directly from the air.

Carbon Engineering’s plant captures carbon dioxide directly from the air.

Photographer: James MacDonald/Bloomberg

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Transitioning away from fossil fuels won’t be enough to slow climate change. The world has delayed the task of cutting emissions for so long that we likely will have to also deploy solutions to draw down carbon dioxide from the air.