The Globe and Mail reports in its Wednesday, Aug. 16, edition that Occidental Petroleum is buying Canadian clean-tech developer Carbon Engineering for $1.1-billion (U.S.), a deal the oil company said will accelerate development of facilities that remove large volumes of carbon dioxide from the atmosphere. Occidental subsidiary 1PointFive is employing Carbon Engineering's technology at a direct-air-capture (DAC) plant it is building in West Texas, designed to remove one million tonnes a year of CO2. Last week, the partners were awarded U.S. federal funding to embark on their next project, a carbon-capture hub near Corpus Christi, Tex., that could eventually be 30 times the size of the first one. Carbon Engineering was founded by Ottawa-raised physicist David Keith, who is a professor and faculty director at the University of Chicago, and focuses on climate science. The company won early backing from billionaires including Microsoft co-founder Bill Gates and Canadian energy and sports financier Murray Edwards. Occidental's Oxy Low-Carbon Ventures invested in the company. Other investors include Air Canada, Airbus, BHP Group, Chevron and Occidental, as well as Canadian billionaire Peter J. Thomson.