Who gains from saving nature
Ledger 1 : 33 — For each dollar financing nature-based solutions in 2023, about $33 financed activities harmful to nature. (UNEP)
Cases / Carbon capture and climate intervention · United States · 2023–2025

Occidental buys Holocene as US carbon removal staff is cut to one person

Short record: the main facts, with sources. A full case file has not been prepared.

Nature's voice · report
No measurement of the harm done to me here is on record.
Did nature suffer? Not measured.
Not on record
  • The record does not name which of my species, waters, soils or forests were harmed.
What the record lacks: 3 none on record · 1 not measured See the gaps

Occidental bought the direct air capture company Holocene in April 2025, as the US Energy Department's carbon removal staff was reduced to one person. At stake for nature is how a 3.5 billion dollar direct air capture hub programme is spent.

What?
Occidental bought the direct air capture company Holocene, and the US Energy Department's carbon removal staff was reduced to one person. Heatmap
Where?
United States Heatmap
When?
August 2023 (Carbon Engineering) and April 2025 (Holocene) Heatmap
Who?
Gained
  • Occidental — bought Holocene in April 2025 Heatmap
  • Occidental — bought Carbon Engineering in August 2023 for about 1.1 billion dollars OGJ
Lost
  • US Energy Department carbon removal staff — reduced to one person Heatmap
Harmed
None on record
Why?
Not stated in the sources reviewed.
How?
Acquisition of direct air capture companies Heatmap
6 of 6 questions answered from the record

What happened

The record, in order.

Heatmap reported in April 2025 that Occidental had bought Holocene, and that the US Energy Department's carbon removal staff had been reduced to one person.

Heatmap also referred to a 3.5 billion dollar direct air capture hub programme.

OGJ reported in August 2023 that Occidental had bought Carbon Engineering for about 1.1 billion dollars, and gave a mid-2025 target for the Stratos plant.

    In court and with insurers

    Every proceeding and every insurer decision on record.

    Lawsuits and rulings

    No court case on record. No court has ruled on this case.

    Insurers

    No insurer decision on record.

    What we don't know

    Undisclosed, unproven, untried: recorded as data.

    Nature

    • Not measured Harm to nature: The record holds no measurement of harm to nature.

    Record

    • None on record Not stated in the sources reviewed: the price Occidental paid for Holocene.
    • None on record Not stated in the sources reviewed: whether the Stratos plant met its mid-2025 target.
    • None on record Not stated in the sources reviewed: why the US Energy Department's carbon removal staff was reduced.

    Did the harm stop?

    Not stated in the sources reviewed.

    Who paid?

    Not stated in the sources reviewed.

    Sources

    Voices on record: — Company or project— Government and regulators— Courts✓ Press and investigations— Communities and civil society— Researchers

    Press and investigations

    1. Occidental buys Holocene
      Heatmap · 2025-04-16

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