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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.
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Social Entrepreneurship
Spotlight
Celebrity Chef Jamie Oliver Backs Social Saturday
UK will be celebrating its first national celebration of social enterprises dubbed as Social Saturday. World famous celebrity chef Jamie Oliver, who founded the Fifteen restaurant chain.
