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Erik Kobayashi-Solomon, founder of IOI Capital, speaks to a strategic investor at Oxy Low Carbon Ventures, the venture capital arm of Occidental Petroleum.
He writes that the strategic investor was "talking about a future integrated carbon market – not a market for oil or natural gas or chemical feedstocks – but a market that would allow companies to make purchases of carbon chain building blocks themselves."
Kobayashi-Solomon adds that the investor acknowledged that the future was a low-carbon or no-carbon one, but that even in a low- / no-carbon world, carbon use would continue to serve an important role.
When Kobayashi-Solomon asked the investor what he thought if the implementation of a carbon tax was necessary, the investor pointed out the "45Q" tax rule, which enables companies engaged in carbon capture to receive a tax credit in a positive way. Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Bryant University in Rhode Island will bestow an honorary degree on one of Africa's most prominent philanthropists during its May Commencement ceremony, the Providence Journal reports. Tsitsi...more
"As students become more independent, being able to get where they are going safely is an essential life skill. Our goal is to educate these students so they can get where they are going, safely,...more
If a $194,197 grant from the National Science Foundation isn't enough to convince you to grow your own food, you're not the only one. An Indiana company has been awarded $9,993 from the second...more
Gov. Janet Mills has announced $5 million in grants to help communities in Maine protect themselves from the effects of climate change. The grants, awarded through the Community Resilience...more
"Climate change is real, and it's going to get worse before it gets better." That's the message from Charles Fletcher, newly appointed special adviser on climate change and resilience for Hawaii,...more
Marfaa Naseem is a 22-year-old student of Pakistan's Quaid-i-Azam University, and she's used a US grant to set up a rainwater harvesting and hydroponic farm on her rooftop. The idea came to her...more
The Ukrainian city of Rivne is trying to become the first city in the world to be carbon neutral by 2030, the Guardian reports. According to the Telegraph, Ukraine has been grappling with a lack...more
The UN will hold its first-ever forum on science, technology, and innovation for sustainable development in May, with the goal of harnessing the "power of science, technology, and innovation to...more
With the world's ever-growing population and ever-changing eating habits, the world's food supply is in real danger of running out of food, according to a new report from the UN Food and Agriculture...more
Climate change isn't just bad for humans, it's bad for our mental health as well, according to a new report from Imperial College London. The study, published in the Proceedings of the National...more
Social Entrepreneurship
Spotlight
Influencing Social Good Through Retail
When Hannah Davis traveled to China to teach English, she noticed how Chinese workers and farmers were often sporting olive green army-style shoes. Those shoes served as her inspiration to create her own social enterprise, Bangs Shoes.
