"Biden Administration Commits Billions to Carbon Removal Technology Investments"

The Biden administration is set to invest $1.2 billion in two direct air capture projects in Texas and Louisiana, marking the first major investment to kickstart the US carbon removal industry. These projects aim to remove over 2 million metric tons of carbon dioxide annually, equivalent to taking nearly 500,000 gas cars off the road. The machines will use chemicals to suck carbon dioxide out of the air, storing it underground or using it in industrial materials like cement. The projects are expected to significantly increase global capacity for direct air capture technology and are seen as a crucial step in reducing planet-warming emissions.