Comment by floydnoel
1 year ago
who are the idiot investors propping this thing up for a billion USD to just create more pollution and scam the public? but of course, it's us!
> The Swiss company says it has raised or received approval for around eight hundred million dollars, and is therefore worth at least one hundred billion Icelandic krónur. The largest part of the capital comes from the US Department of Energy
interesting that this is widely-known as a scam, and yet the DOE still pays for it. i can't imagine how they sleep at night.
> Al Gore gave a TED talk in 2023 where he discussed the carbon capture and disposal industry and specifically mentioned Climeworks. He made fun of the company, calling the capture industry nothing more than a cover for oil and gas companies to keep their businesses afloat.