Exxon Is Emerging As An Unlikely Supporter Of America’s Decarbonization Efforts

exxon is emerging as an unlikely supporter of america s decarbonization efforts

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Unlikely supporters of U.S. decarbonization efforts are gaining increasing approval from the Biden administration as Big Oil begins to invest heavily in carbon capture and storage technology. Already experts in energy, it seems that industries are turning to Exxon and other oil majors to help decarbonize in the race to net-zero emissions. ExxonMobil announced last month that it had once again seen positive quarterly earnings, of $19.7 billion for the third quarter of 2022. By this point, Exxon had made $15.2 billion in investments in 2022,…

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Exxon Is Emerging As An Unlikely Supporter Of America’s Decarbonizatio

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OILPRICE Exxon Is Emerging As An Unlikely Supporter Of America’s Decarbonization Efforts Unlikely supporters of U.S. decarbonization efforts are gaining increasing approval from the Biden administration as Big Oil begins to invest heavily in carbon capture and storage technology. Already experts in energy, it seems that industries are turning to Exxon and other oil majors to help decarbonize in the race to net-zero emissions. ExxonMobil announced last month that it had once again seen positive quarterly earnings, of $19.7 billion for the third quarter of 2022. By this point, Exxon had made $15.2 billion in investments in 2022,…

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