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ExxonMobil’s CCS push [NGW Magazine]
Feb 22, 2021 7:15:am
Summary
ExxonMobil has launched a new low-carbon business that will initially focus on carbon capture and storage – an industry that is gaining momentum but has hurdles to overcome. [NGW Magazine Volume 6, Issue 4]
by: Anna Kachkova
Posted in:
ExxonMobil’s CCS push [NGW Magazine]
Oil and gas giant ExxonMobil has taken a step forward with regard to the energy transition, announcing on February 1 that it was launching a new low-carbon business. The business, ExxonMobil Low Carbon Solutions, will initially focus on carbon capture and storage (CCS).
The news marks a shift in the US generally where companies have been slower to adapt their businesses to the new pressures. Indeed, French major Total quit the American Petroleum Institute owing to the rift in policy objectives. ....

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