{
  "id": 9350297,
  "title": "Climate Startup Signs CO2 Deals With Three U.S. Oil Producers",
  "url": "https://urgent.news/2026/09/23/climate-startup-signs-co2-deals-with-three-u-s-oil-producers",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T14:30:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Latest-Energy-News/World-News/Climate-Startup-Signs-CO2-Deals-With-Three-US-Oil-Producers.html"
  },
  "original_language": "en",
  "account": "U.S. carbon management firm Spiritus has secured preliminary agreements with three American oil and gas firms to sell captured CO2 for enhanced oil recovery. The CEO of Spiritus, Charles Cadieu, cited the removal market's current challenges and the strong pull in the EOR space as reasons for the pivot. Despite the Trump Administration's cuts to U.S. federal incentives for carbon capture projects and uncertainties in the regulatory landscape, Spiritus has opted to capitalize on the commercial potential of CO2 sales to oil producers. According to a University of Houston report, as many as 137 billion barrels of U.S. oil are technically recoverable through CO2-enhanced oil recovery, with Texas and the U.S. Gulf Coast housing more than half of these resources.",
  "summary": "Cuts to U.S. federal incentives for carbon capture projects and an uncertain regulatory environment going forward have prompted some start-ups to move from solely capturing and storing carbon dioxide to selling it to oil companies to help them boost oil recovery. Carbon management engineering company Spiritus, for example, has recently signed preliminary agreements with three U.S. oil and gas…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}