One of the big promises of NFTs was that the artist who originally made them could get a cut every time their piece was resold. Unfortunately, that's not the case anymore. From a report: OpenSea, the biggest NFT marketplace still fully enforcing royalty fees, said today that it plans to stop the mandatory collection of resale fees for artists. Starting March 2024, those fees will essentially be tips -- an optional percentage of a sale price that sellers can choose to give the original artist. If the seller doesn't want to hand over any money, that'll be their choice.

The NFT ecosystem has been on a race to the bottom when it comes to fees. As the market for NFTs collapsed, marketplaces have lowered their own trading fees and stopped enforcing royalty fees in order to attract sellers. Blur, which has overtaken OpenSea as the biggest NFT marketplace by trading volume, only enforces a 0.5 percent fee on most collections, whereas creators typically set their fees at 5 to 10 percent. OpenSea will stop enforcing royalty fees on all new NFTs starting August 31st. The marketplace will continue enforcing the fees on certain existing collections until March 2024, at which point they'll become optional on all sales.

Months before Kenya finally banned iris scans by Sam Altman's crypto startup Worldcoin, the Office of the Data Protection Commissioner (ODPC) had ordered its parent company, Tools for Humanity, to stop collecting personal data. From a report: The ODPC had in May this year instructed the crypto startup to stop iris scans and the collection of facial recognition and other personal data in Kenya, a letter sent to Worldcoin and seen by TechCrunch shows. Tools for Humanity, the company building Worldcoin, did not stop taking biometric data until early this month when Kenya's ministry of interior and administration, a more powerful entity, suspended it following its official launch. Worldcoin's official launch led to a spike in the number of people queuing up to have their eyeballs scanned in exchange for "free money," drawing the attention of authorities.

The letter shows that ODPC had instructed Worldcoin to cease collecting data for intruding on individuals' privacy by gathering biometric data without a well-established and compelling justification. Further, it said Worldcoin had failed to obtain valid consent from people before scanning their irises, saying its agents failed to inform its subjects about the data security and privacy measures it took, and how the data collected would be used or processed. "Your client is hereby instructed to cease the collection of all facial recognition data and iris scans, from your subscribers. This cessation should be implemented without delay and should include all ongoing and future data processing activities," said Rose Mosero, in a letter to Tools for Humanity that outlined the concerns.

Checkout.com, the London-based credit card processing company that ballooned its business model by servicing billions in crypto transactions for Binance clients, cut short its contract with the crypto giant this week, Forbes reported Friday. From the report: In a pair of letters sent to Binance on August 9 and 11, Checkout CEO Guillaume Pousaz terminated the company's relationship with its once-largest customer citing "reports of regulators actions and orders in relevant jurisdictions" and "inquiries from partners." The second letter, seen by Forbes and sent two days after the first, cited additional concerns over Binance's anti-money laundering, sanctions and compliance controls, and said the termination would be effective August 17. Checkout spokesperson Lewis Jones confirmed to Forbes the company had ended its contract with Binance.

In response, Binance told Forbes it disagreed with Checkout's basis for terminating the contract, and said it was considering legal action. "We have come a long way to building an industry-leading compliance program and we hope to build more trust with regulators and partners," spokesperson Dewi Mustajab said in a statement. He added that Checkout's withdrawal would have "no impact on our services."

Two years after being listed on the Frankfurt Stock Exchange, the Linux-for-enterprise company SUSE is switching back to private ownership. The Register reports: On Wednesday the developer announced that its majority shareholder, an entity called Marcel LUX III SARL, intends to take it private by delisting it from the Frankfurt Stock Exchange and merging it with an unlisted Luxembourg entity. Marcel is an entity controlled by EQT Private Equity, a Swedish investment firm, which acquired it from MicroFocus in 2018.

The announcement offers scant detail about the rationale for the delisting, other than a canned quote from SUSE CEO Dirk-Peter van Leeuwen who said, "I believe in the strategic opportunity of taking the company private -- it gives us the right setting to grow the business and deliver on our strategy with the new leadership team in place." Van Leeuwen took the big chair at SUSE just over three months back, on May 1. The deal values SUSE at 16 euros per share -- well below the 30-euro price of the 2021 float, but above the Thursday closing price of 9.605 euros.

Interestingly, Marcel is happy for shareholders not to take the money and run. "There is no obligation for shareholders to accept the Offer," explains the announcement's detail of the transaction's structure. "EQT Private Equity does not intend to pursue a squeeze-out. Therefore, shareholders who wish to stay invested in SUSE in a private setting may do so." Shareholders who stick around will therefore score their portion of a special dividend SUSE will pay out as part of this transaction. Those who sell will get the aforementioned 16-euros per share, less their portion of the interim dividend. The transaction to take SUSE private is expected to conclude in the final quarter of 2023.

An anonymous reader quotes a report from Ars Technica: The Sotheby's auction house has been named as a defendant in a lawsuit filed by investors who regret buying Bored Ape Yacht Club NFTs that sold for highly inflated prices during the NFT craze in 2021. A Sotheby's auction duped investors by giving the Bored Ape NFTs "an air of legitimacy... to generate investors' interest and hype around the Bored Ape brand," the class-action lawsuit claims. The boost to Bored Ape NFT prices provided by the auction "was rooted in deception," said the lawsuit filed in US District Court for the Central District of California. It wasn't revealed at the time of the auction that the buyer was the now-disgraced FTX, the lawsuit said.

"Sotheby's representations that the undisclosed buyer was a 'traditional' collector had misleadingly created the impression that the market for BAYC NFTs had crossed over to a mainstream audience," the lawsuit claimed. Lawsuit plaintiffs say that harmed investors bought the NFTs "with a reasonable expectation of profit from owning them." Sotheby's sold a lot of 101 Bored Ape NFTs for $24.4 million at its "Ape In!" auction in September 2021, well above the pre-auction estimates of $12 million to $18 million. That's an average price of over $241,000, but Bored Ape NFTs now sell for a floor price of about $50,000 worth of ether cryptocrurrency, according to CoinGecko data accessed today. [...]

The amended lawsuit alleges that "[Bored Ape creator Yuga Labs] colluded with fine arts broker, Defendant Sotheby's, to run a deceptive auction." After the sale, a Sotheby's representative described the winning bidder during a Twitter Spaces event as a "traditional" collector, the lawsuit said. The lawsuit said it turned out the auction buyer was now-bankrupt crypto exchange FTX, whose founder Sam Bankman-Fried is in jail awaiting trial on criminal charges. Ethereum blockchain transaction data shows that after the auction, "Sotheby's transferred the lot of BAYC NFTs to wallet address 0xf8e0C93Fd48B4C34A4194d3AF436b13032E641F3,77 which, upon information and belief, is owned/controlled by FTX," the complaint said. Speculation that FTX was the buyer had been percolating since at least January 2023. The lawsuit alleges that Yuga Labs and Sotheby's violated the California Unfair Competition Law, the California Corporate Securities Law, the US Securities Exchange Act, and the California Corporations Code. The plaintiffs also claim that Sotheby's Metaverse, an NFT trading platform opened after the auction, "operated (or attempted to operate) as an unregistered broker of securities."

Subscription-based models dominate daily life and businesses profit from forgotten subscription payments. The problem of forgotten subscriptions is so large there's now a robust ecosystem of startups promising to save users money by ferreting out and canceling the subscriptions they forgot about. From a report: Now, researchers have put a number on the high value of customer inertia. Buyers' inattention can boost a business's revenue by as much as 200%, according to a new working paper from researchers at Stanford and Texas A&M submitted to the National Bureau of Economic Research. "I knew that people forgot to cancel," said coauthor Neale Mahoney, an economics professor at Stanford. "The magnitude, the pervasiveness of this issue was surprising."

Mahoney, along with fellow Stanford economics professor Liran Einav and Benjamin Klopack, an assistant professor of economics at Texas A&M, calculated the cost (or -- to companies -- benefit) of inattention by zeroing in on a specific moment in purchasers' lives: replacing a credit card. Using a large dataset from an undisclosed payment system provider, the researchers first identified 10 common subscription services, and then looked at how frequently they were renewed during normal times and when the subscriber replaced a card, forcing them to update their payment information with each service. Renewals sharply dropped off after these card replacements, even as other shopping behavior, such as buying groceries and gas, continued normally, leading them to a conclusion: When people had to actively decide to resubscribe to a service and enter new payment information, many opted out.

Linus Sebastian's Linus Media Group YouTube empire is currently in crisis, with accusations of theft, lapses in ethics, and most recently, allegations of sexual harassment. From a report: The company has currently paused all production to improve its review processes, and CEO Terren Tong tells The Verge an outside investigator will be hired to examine the harassment allegations. In a video posted this morning titled "What do we do now?" Linus Media Group CFO Yvonne Ho announced the entire channel was pausing production for the next week to address the issues raised by the YouTube channel Gamers Nexus about errors in videos and concerning ethical practices. "I agree with the community," Ho said in the video, "so I'm putting my foot down. Effective immediately all YouTube video production is on pause." The controversy started earlier this week, when Gamers Nexus posted a video outlining a number of factual errors and ethics concerns in recent Linus Tech Tips videos. "We've been seeing an alarming amount of conflicts from Linus Tech Tips as it relates to their corporate connections, their flow of money, and the potential bias as a result of those things," said Gamers Nexus host Steve Burke.

An anonymous reader quotes a report from ZDNet: First shown off at 2022 CES, the Masonite M-PWR comes with a built-in Ring video doorbell and Yale smart lock, plus motion-activated LED lights and a door sensor -- all powered by your home's electrical system so there are no batteries to replace. An onboard battery backup keeps the door operational for 24 hours in the event of a power loss. Both doorbell and lock components can be upgraded over time as technology advances. If you were hoping for an all-in-one app, however, you'll be disappointed. To use all the door's features, you need the Yale app, the Ring app, and the M-PWR app.

What's all this technology going to cost you? The fiberglass Masonite M-PWR starts at $4,000 -- and that's for the basic model. Several finishes/designs/glass options are available, with pricing on the higher-end versions reaching $7,000. If you consider that a decent front door, Ring doorbell, and Yale smart lock from the same retailer can be had for under $1,000, this is clearly a door for people who want the finer things. And that price doesn't include installation, something most homeowners can't do on their own as the door needs to be hard-wired. The door has been available in new construction homes since 2022, but this marks the first time you can buy it separately.

Long lines have formed at ATMs around Ireland tonight as a cash machine glitch is allowing customers to withdraw more cash than they have in their accounts. Independent.ie reports: The fault with the online app allows people who have no money in their account to transfer up to 500 euros into a Revolut account. Some people claimed they were able to get access to 1,000 eros, but the bank insisted the daily withdrawal limit is 500 euros. Once people use their Bank of Ireland app to transfer the funds to Revolut they can then withdraw the cash from the Revoult account through any ATM.

Huge queues at ATMs in Dublin, Limerick, Dundalk and other parts of the country were reported this evening as people took advantage of the screw-up to withdraw cash from their Revolut accounts. There were reports in Dundalk of gardai (the state police force of the Irish Republic) having to control crowds at ATMs in the town. The frenzied withdrawal of cash was despite warnings on social media that there is no such thing as free cash and the money will have to be repaid. The bank said in a statement: "We are working on a technical issue that is impacting a number of our services including our mobile app and 365Online. We are working to fix this as quickly as possible and apologize to customers for any inconvenience caused."

"We would like to remind customers that if they transfer or withdraw funds -- including over their normal limits -- this money will be debited from their account," the bank added. "While we are conscious customers may not be able to check their balance at this time, they should not withdraw or transfer funds if they are likely to become overdrawn."

The judge overseeing Apple's "batterygate" iPhone throttling lawsuit has cleared the way for payments to be sent out. MacRumors reports: Apple in 2020 agreed to pay $500 million to settle the "batterygate" lawsuit, which accused the company of secretly throttling older iPhone models. The class action lawsuit was open to U.S. customers who had an iPhone 6, 6 Plus, 6s, 6s Plus, 7, or 7 Plus running iOS 10.2.1 or iOS 11.2 prior to December 21, 2017. [...] Apple ultimately apologized for its lack of communication and dropped the price of battery replacements to $29 through the end of 2018. iPhone owners eligible for a payout would have needed to submit a claim back in 2020, and submissions were open through October 6, 2020. Those who submitted a claim back then will be eligible for a payment, which will be around $65 per claimant.

Sam Bankman-Fried used money he stole from customers of his FTX cryptocurrency exchange to make more than $100 million in political campaign contributions before the 2022 U.S. midterm elections, federal prosecutors said on Monday. Reuters reports: An amended indictment accused the 31-year-old former billionaire of directing two FTX executives to evade contribution limits by donating to Democrats and Republicans, and to conceal where the money came from. "He leveraged this influence, in turn, to lobby Congress and regulatory agencies to support legislation and regulation he believed would make it easier for FTX to continue to accept customer deposits and grow," the indictment said.

Bankman-Fried faces seven counts of conspiracy and fraud over FTX's collapse, though the indictment no longer includes conspiracy to violate campaign finance laws as a separate count. [...] Bankman-Fried's indictment does not name the two people prosecutors say he used for "straw donors" to donate money at his direction. But other court papers and Federal Elections Commission data show they are Nishad Singh and Ryan Salame. Singh, FTX's former engineering chief, pleaded guilty to fraud and campaign finance violations in February. He donated $9.7 million to Democratic candidates and causes, and said in court he knew the money came from FTX customers.

Salame, the former co-CEO of FTX's Bahamian unit, gave more than $24 million to Republican candidates and causes in the 2022 election cycle, according to Federal Election Commision data. He has not been charged with a crime. In a separate court filing on Monday, prosecutors said Salame's lawyer had told them he would invoke his Fifth Amendment right against self-incrimination if called to testify. Prosecutors said Salame told a family member in a November 2021 message that Bankman-Fried wanted to use political donations to "weed-out" anti-crypto Democratic and Republican lawmakers, and would likely "route money through me to weed out that republican [sic] side." On Friday, a U.S. judge revoked Sam Bankman-Fried's bail due to probable cause that he tampered with witnesses at least twice. He is being sent to jail.

Michael Burry, the money manager made famous in the book and film "The Big Short," held bearish options against the broad S&P 500 and Nasdaq 100 Index at the end of the second quarter, according to securities fillings released on Monday. From a report: Burry's Scion Asset Management bought put options with a notional value of $739 million against the popular Invesco QQQ Trust ETF during the quarter, and separate put options with a notional value of $886 million against the SPDR S&P 500 ETF. Put options convey the right to sell shares at a fixed price in the future and are typically bought to express a bearish or defensive view. Burry rose to fame with his bets against the U.S. housing market before the 2008 financial crisis. Michael Lewis' nonfiction book "The Big Short" was released in 2010 and the movie version came out in 2015.

An anonymous reader shared this report from The New York Times: More than $1.7 trillion worldwide is expected to be invested in technologies such as wind, solar power, electric vehicles and batteries globally this year, according to the International Energy Agency, compared with just over $1 trillion in fossil fuels. That is by far the most ever spent on clean energy in a year. Those investments are driving explosive growth. China, which already leads the world in the sheer amount of electricity produced by wind and solar power, is expected to double its capacity by 2025, five years ahead of schedule. In Britain, roughly one-third of electricity is generated by wind, solar and hydropower. And in the United States, 23 percent of electricity is expected to come from renewable sources this year, up 10 percentage points from a decade ago... [F]rom Beijing to London, Tokyo to Washington, Oslo to Dubai, the energy transition is undeniably racing ahead...

[C]lean energy became cheap far faster than anyone expected. Since 2009, the cost of solar power has plunged by 83 percent, while the cost of producing wind power has fallen by more than half. The price of lithium-ion battery cells fell 97 percent over the past three decades. Today, solar and wind power are the least expensive new sources of electricity in many markets, generating 12 percent of global electricity and rising... The rapid drop in costs for solar energy, wind power and batteries can be traced to early government investment and steady improvements over time by hundreds of researchers, engineers and entrepreneurs around the world. "The world has produced nearly three billion solar panels at this point, and every one of those has been an opportunity for people to try to improve the process," said Gregory Nemet, a solar power expert at the University of Wisconsin-Madison. "And all of those incremental improvements add up to something very dramatic." An equally potent force, along with the technological advances, has been an influx of money — in particular, a gusher since 2020 of government subsidies...

In the United States, President Biden signed a trio of laws during his first two years in office that allocated unprecedented funds for clean energy: A $1 trillion bipartisan infrastructure law provided money to enhance the power grid, buy electric buses for schools and build a national network of electric vehicle chargers... Combined, the three laws have prompted companies to announce at least $230 billion in manufacturing investments so far... The U.S. solar industry installed a record 6.1 gigawatts of capacity in the first quarter of 2023, a 47 percent increase over the same period last year. And those low costs have led many of the United States' biggest corporations, such as Alphabet, Amazon and General Motors, to purchase large amounts of wind and solar power...

What to make of the news that early research appears unable to duplicate the much-ballyhooed claims for the LK99 superconductor?

"The episode revealed the intense appetite in Silicon Valley for finding the next big thing," argues the Washington Post, "after years of hand-wringing that the tech world has lost its ability to come up with big, world-changing innovations, instead channeling all its money and energy into building new variations of social media apps and business software..." [M]any tech leaders are nervous that the current focus on consumer and business software has led to stagnation. A decade ago, investors prophesied that self-driving cars would take over the roads by the mid-2020s — but they are still firmly in the testing phase, despite billions of dollars of investment. Cryptocurrencies and blockchain technology have had multiple hype cycles of their own, but have yet to fundamentally change any industry, besides crime and money laundering. Tech meant to help mitigate climate change, like carbon capture and storage, has lagged without major advances in years. Meanwhile, Big Tech companies used their huge cash hoards to snap up smaller competitors, with antitrust regulators only recently beginning to clamp down on consolidation. Over the last year, as higher interest rates have cut into the amount of venture capital and slowing growth has caused companies to pull back spending, a massive wave of layoffs has swept the industry, and companies such as Google that previously said they'd invest some of their profits in big, risky ideas have turned away from such "moonshots..."

Room-temperature superconductors would be especially relevant to the tech industry right now, which is busy burning billions of dollars on new computer chips and the energy costs to run them to train the AI models behind tools like ChatGPT and Google's Bard. For years, computer chips have gotten smaller and more efficient, but that progress has run up against the limits of the physical world as transistors get so small some are now just one atom thick.

Long-time Slashdot reader UnCivil Liberty writes: Following in the footsteps of three MIT students who were previously gagged from presenting their findings at Defcon 2008 are two Massachusetts teens (who presented at this year's Defcon without interference).

The four teens extended other research done by the 2008 hacker team to fully reverse engineer the "CharlieCard," the RFID touchless smart card used by Boston's public transit system. The hackers can now add any amount of money to one of these cards or invisibly designate it a discounted student card, a senior card, or even an MBTA employee card that gives them unlimited free rides. "You name it, we can make it," says Campbell.

An anonymous reader shared this report from the Wall Street Journal: U.S. spy agencies will share more intelligence with U.S. companies, nongovernmental organizations and academia under a new strategy released this week that acknowledges concerns over new threats, such as another pandemic and increasing cyberattacks. The National Intelligence Strategy, which sets broad goals for the sprawling U.S. intelligence community, says that spy agencies must reach beyond the traditional walls of secrecy and partner with outside groups to detect and deter supply-chain disruptions, infectious diseases and other growing transnational threats. The intelligence community "must rethink its approach to exchanging information and insights," the strategy says.

The U.S. government in recent years has begun sharing vast amounts of cyber-threat intelligence with U.S. companies, utilities and others who are often the main targets of foreign hackers, as well as information on foreign-influence operations with social-media companies... The emphasis on greater intelligence sharing is part of a broader trend toward declassification that the Biden administration has pursued.
"The new strategy is meant to guide 18 U.S. intelligence agencies with an annual budget of about $90 billion... "

An anonymous reader shared this report from CNBC: The mastermind behind a ransomware hosting service that allegedly helped criminals collect more than 5,000 bitcoin in ransom from hundreds of victims was indicted in federal court this week, prosecutors announced Thursday. Artur Grabowski's LolekHosted service operated for about a decade and advertised itself as a haven for "everything but child porn," according to Florida prosecutors. Clients allegedly used the hosting service to deploy ransomware viruses that infected around 400 networks around the world... [That's 400 just for the Netwalker ransomware, which the announcement calls "one of the ransomware variants facilitated by LolekHosted."]

Grabowski was charged with computer fraud, wire fraud, and conspiracy to commit international money laundering. Grabowski himself is also the subject of a $21.5 million seizure order... Grabowski, a Polish national, faces a maximum sentence of 45 years, if he is ever detained and convicted.
Grabowski also "remains a fugitive," according to an announcement from the U.S. Department of Justice. It notes that the 36-year-old's site — registered in 2014 — also "facilitated" brute-force attacks, and phishing.

"Grabowski allegedly facilitated the criminal activities of LolekHosted clients by allowing clients to register accounts using false information, not maintaining Internet Protocol (IP) address logs of client servers, frequently changing the IP addresses of client servers, ignoring abuse complaints made by third parties against clients, and notifying clients of legal inquiries received from law enforcement."

An anonymous reader quotes a report from Reuters: The Internet Archive and a group of leading book publishers told a Manhattan federal court on Friday that they have resolved aspects of their legal battle over the Archive's digital lending of their scanned books. If accepted, the consent judgment would settle questions over potential money damages in the case and the scope of a ban on the Archive's lending and would clear the way for the Archive to appeal U.S. District Judge John Koeltl's decision that it infringed the publishers' copyrights.

The proposed order would require the Archive to pay Lagardere SCA's Hachette Book Group, News Corp's HarperCollins Publishers, John Wiley & Sons and Bertelsmann SE & Co's Penguin Random House an undisclosed amount of money if it loses its appeal. The order would also permanently block the Archive from lending out copies of the publishers' books without permission, pending the result of the appeal. They asked Koeltl to resolve a dispute over whether the order will apply only to the publishers' books that are already available for electronic licensing or books commercially available in any format.

The Internet Archive said in a blog post that the fight was "far from over," and founder Brewster Kahle said in a statement that "we must have strong libraries, which is why we are appealing this decision." Maria Pallante, the CEO of the Association of American Publishers, said in a statement that the plaintiffs were "extremely pleased" with the proposed injunction, which will "extend not only to the Plaintiffs' 127 works in suit but also to thousands of other literary works in their catalogs."

An anonymous reader quotes a report from Ars Technica: Last Friday, Illinois became one of the few states to pass an anti-doxxing law, making it possible for victims to sue attackers who "intentionally" publish their personally identifiable information with intent to harm or harass them. (Doxxing is sometimes spelled "doxing.") The Civil Liability for Doxing Act, which takes effect on January 1, 2024, passed after a unanimous vote. It allows victims to recover damages and to request "a temporary restraining order, emergency order of protection, or preliminary or permanent injunction to restrain and prevent the disclosure or continued disclosure of a person's personally identifiable information or sensitive personal information."

It's the first law of its kind in the Midwest, the Daily Herald reported, and is part of a push by the Anti-Defamation League (ADL) to pass similar laws at the state and federal levels. ADL's Midwest regional director, David Goldenberg, told the Daily Herald that ADL has seen doxxing become "over the past few years" an effective way of "weaponizing" the Internet. ADL has helped similar laws pass in Maryland, Nevada, Oregon, and Washington. [...] The law does not involve criminal charges but imposes civil liability on individuals who dox any Illinois residents. Actions can also be brought against individuals when "any element" of a doxxing offense occurs in the state. [...]

Goldenberg told Ars that the Illinois law was written to emphasize not how information was found and gathered by people seeking to dox others, but on what they did with the information and how much harm they caused. The law might need less updating as the Internet evolves if it doesn't focus on the methods used to mine personally identifiable information. "The reality is that those who are using the Internet to spread hate, to spread misinformation, to do bad are pretty nimble and technology changes on a near daily basis," Goldenberg told Ars. "The law was crafted in a way that ensures that if technology changes, and people use new technologies to share someone's personally identifiable information with the intent to do harm and that harm actually happens, this law remains relevant."

The Biden administration will spend $1.2 billion to help build the nation's first two commercial-scale plants to vacuum carbon dioxide pollution from the atmosphere, a nascent technology that some scientists say could be a breakthrough in the fight against global warming, but that others fear is an extravagant boondoggle. From a report: Jennifer Granholm, the energy secretary, announced Friday that her agency would fund two pilot projects that would deploy the disputed technology, known as direct air capture. Occidental Petroleum will build one of the plants in Kleberg County, Texas, and Battelle, a nonprofit research organization, will build the other in Calcasieu Parish on the Louisiana coast. The federal government and the companies will equally split the cost of building the facilities.

"These projects are going to help us prove out the potential of these next-generation technologies so that we can add them to our climate crisis fighting arsenal, and one of those technologies includes direct air capture, which is essentially giant vacuums that can suck decades of old carbon pollution straight out of the sky," Ms. Granholm said on a telephone call with reporters on Thursday. The 2021 bipartisan infrastructure law included $3.5 billion to fund the construction of four commercial-scale direct air capture plants. Friday's announcement covered the first two. Oil and gas companies lobbied for the direct air capture money to be included in the law, arguing that the world could continue to burn fossil fuels if it had a way to clean up their planet-warming pollution.