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Are Funeral Expenses Tax Deductible?

American City Business Journals

Oxy shares details of direct air capture facility plans, inks Airbus deal

An Occidental Petroleum Corp. joint venture plans to start construction in the Permian Basin later this year on its first direct air capture facility, propelled in part by a new deal with Netherlands-based jet-maker Airbus SE. Over the next 13 years, 1PointFive LLC — Oxy’s JV with private equity firm Rushdeen Capital — plans to build 70 facilities that can each suck 1 million tons of carbon dioxide from the open air. In coming years, the company also plans to sell sustainable aviation fuel made from captured carbon dioxide.

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