ExxonMobil Doubles Down on Carbon Capture in $3-Billion Plan To Lower Emissions

By Mark Silverstone ExxonMobil said the potential exists to collect millions of metric tons (Mt) of CO2 from industrial plants that dot the coastal region which can then be stored in formations accessible from both onshore and offshore fields. Similar projects and partnerships are being considered in Europe and across Asia.ExxonMobil noted in its announcement that it has been in the carbon-capture business for..

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