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Exxon chases after a $2 trillion opportunity to capture and bury carbon emissions

Exxon chases after a $2 trillion opportunity to capture and bury carbon emissions
bjones@businessinsider.com (Benji Jones)
© Barry Lewis/InPictures via Getty Images
An Exxon refinery in Baton Rouge, Louisiana Barry Lewis/InPictures via Getty Images
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I m hosting a live energy roundtable on Monday with execs from Shell, Facebook, and other big firms, you know, in case CERAWeek wasn t enough. ....

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Exxon launched a $3 billion effort focused on lowering its emissions after investors pressured the oil giant to address climate change

Exxon launched a $3 billion effort focused on lowering its emissions after investors pressured the oil giant to address climate change
bjones@businessinsider.com (Benji Jones)
© Barry Lewis/InPictures via Getty Images
An Exxon refinery in Baton Rouge, Louisiana Barry Lewis/InPictures via Getty Images
Exxon Mobil on Monday announced a new business focused on low-emissions technologies.
The business will initially focus on carbon capture, a technology Exxon has been developing for years.
The announcement follows mounting pressure from investors who have been pushing the company to do more to address climate change.
Exxon Mobil, the largest US oil company, announced on Monday that it was forming a new business focused on low-emissions technologies including carbon capture. The announcement follows reports that investors with more than $2 trillion in assets are pressing the company to move more quickly to address climate change. ....

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