Occidental Executive: Direct Air Capture Not Bankable Now

Imagine companies are trying to build giant machines to suck carbon from the air.

One company leader, Anthony Cottone, says it's hard to get money for these projects.

Lenders want to be sure they'll make money back, but carbon-sucking companies face risks with not enough profit, and the people who buy the carbon removal services don't want to commit to long-term contracts.

Cottone suggests having one company handle everything, from catching the carbon to storing it.

Also, it would help if the government made rules requiring companies to remove carbon.

Right now, the market relies on companies voluntarily buying carbon removal, which isn't enough to make these projects easy to finance.

Occidental is building a big carbon-sucking plant in Texas.