Caramelized Onions and Lentil Rice

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1 tablespoon unsalted butter

2 tablespoons olive oil

1 medium yellow onion, thinly sliced

1 teaspoon sugar

Kosher salt and freshly ground black pepper

2 garlic cloves, minced

2 cups long-grain white rice

1 quart water

1 (15.5-ounce) can lentils, drained and rinsed

1/4 teaspoon ground cumin