"The Wyoming venture’s collapse raises questions about the fledgling direct air capture industry — and the Biden administration’s support of it."
"A technology startup backed by the Biden administration has scrapped its plans to build a massive facility in Wyoming for filtering climate pollution from the atmosphere, leaving the fate of one of the world’s largest proposed carbon removal developments in limbo.
The company, CarbonCapture, said it was unable to secure enough carbon emissions-free energy to operate the direct air capture megaproject known as Project Bison, which was intended to remove 5 million tons of CO2 annually by 2030. Using power from fossil-fuel-fired facilities would reduce the net amount of carbon the DAC plant could pull from the sky.
“We’ve seen growing competition for clean power amongst industries that are emerging much faster than anybody would have ever predicted,” CEO Adrian Corless said in a statement posted Friday on the company’s website. “This has acutely affected our efforts in Wyoming, and as a result, we’ve decided to pause our development of Project Bison.”"
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