Weyerhaeuser Company (WY)

Oxy Low Carbon Ventures and Weyerhaeuser reach lease agreement for a carbon capture and sequestration project in Louisiana

OLCV subsidiary 1PointFive establishing sequestration business to build first in a series of hubs to permanently store carbon emissionsHOUSTON, March 28, 2022 (GLOBE NEWSWIRE) -- Occidental's (NYSE: OXY) Oxy Low Carbon Ventures (OLCV) subsidiary and Weyerhaeuser Company (NYSE: WY) today announced an agreement for the evaluation and potential development of a carbon capture and sequestration project in Livingston Parish, Louisiana. The lease agreement provides OLCV with exclusive rights to develo