Houston-based hydrocarbon explorer and producer Occidental Petroleum Corp. (OXY-N) has an agreement to acquire Squamish, B.C.-based Carbon Engineering Ltd. for approximately $1.5 billion to accelerate its direct air carbon capture (DAC) capabilities.
Lafarge Canada Inc. has converted all production at its Richmond, B.C. cement factory to ECOPlanet low-carbon cement, making it the first facility worldwide owned by parent company Holcim Group to make the transition.
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