This is the real value of greenhouse gas emission estimates

Researchers said they were ‘shocked’ at the lack of predictability.

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Occidental Petroleum is expanding its carbon capture, utilization and storage initiatives. The company said last week it will begin detailed engineering and early site construction for its first large-scale direct air capture plant in Ector County, Texas (Artist rendering).

(Mark Hulbert, an author and longtime investment columnist, is the founder of the Hulbert Financial Digest; his Hulbert Ratings audits investment newsletter returns.)

CHAPEL HILL, N.C. (Callaway Climate Insights) — How much weight should you put on Occidental Petroleum’s commitment to become carbon neutral by 2040?

Or Ford’s by 2050?

The answer, according to a study published this month in the Journal of Portfolio Management, is zero.

Nada.