The US government will hand out up to $1.2 billion for companies to suck greenhouse gases out of the air

• The US is launching the largest ever carbon-removal initiative in the world. 
• Once built, facilities in Texas and Louisiana will suck carbon dioxide pollution from the air.
• Removing greenhouse gases from the atmosphere is crucial to reversing the effects of climate change.

The Biden Administration is investing up to $1.2 billion for companies to suck greenhouse gases out of the air — the biggest investment in carbon removal in history, the US Department of Energy announced in a press release on Friday.