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ExxonMobil’s Plan to Capture Carbon

ExxonMobil’s Plan to Capture Carbon

Darren Woods and Joe Blommaert of ExxonMobil write about their company’s plan to capture carbon on The Wall Street Journal.

The C3 Take
  • ExxonMobil is looking to create carbon capture “hubs” in industrial areas.
  • Along the Gulf Coast, ExxonMobil predicts that they can store around 500 billion metric tons of CO2 while providing jobs and economic growth in the region.
  • ExxonMobil’s initiative shows that the private sector is best equipped to lower emissions.

“One of the proven technologies available that could play a major role is carbon capture and storage, or CCS, the process of sequestering industrial emissions and safely storing them permanently underground. CCS also promises the potential to reduce carbon emissions significantly at a cost competitive to other solutions, especially for the manufacturing sector.”

Read the full article here.

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