Executives with Occidental Petroleum Corp., Houston, have signed an agreement with their peers at timberlands titan Weyerhauser Co. that gives Occidental's Oxy Low Carbon Ventures division the right to build and operate a carbon sequestration hub under Louisiana land owned by Weyerhauser. Per the deal, Occidental will evaluate the prospects for a carbon capture operation that would permanently house industrial carbon dioxide in geologic formations under more than 30,000 acres controlled by Weyerhauser and not associated with oil and gas production. Seattle-based Weyerhauser will continue to manage the above-ground land in Livingston Parish, east of Baton Rouge, as a working forest. Occidental executives have voiced their ambition to build a business that not only manages, stores and/or repurposes the company's own emissions but also provides a platform for other emitters—such as factories or power plants—to capture and remove theirs.