For episode 7 of Zero, Bloomberg Green’s Akshat Rathi interviews Vicki Hollub, chief executive officer of Occidental Petroleum, better known as Oxy. Under Hollub’s leadership, Oxy became the first US oil company to set a net-zero target, although the path it chose is atypical. Rather than transitioning to producing renewables, or reducing oil and gas production, Oxy wants to make “net-zero oil” by investing heavily in direct-air-capture technology. But how will Oxy build out and fund that technology, and is it really the best way to tackle climate change?
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