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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
Social Enterprise HandiConnect Wins Audacious Award in New Zealand
Social enterprise, HandiConnect, wins the Audacious-Business Idea competition’s Doing Good category. The company is spearheaded by University of Otago entrepreneurship master’s student Nguyen Cam Van.
