Benoît Morenne and Collin Eaton of The Wall Street Journal report on Exxon’s investment in lithium mining.
- Exxon has recently purchased drilling rights on 12,000 acres in Arkansas where the company plans to produce lithium.
- The land is estimated to have as much as 4 million tons of lithium carbonate equivalent, which is enough to power 50 million EVs.
- Exxon has said that it will spend $17 billion through 2027 to cut its emissions and develop new clean technologies like hydrogen and carbon capture.
- Private sector leadership is key to advancing clean energy.
Read the full article here.