Energy

Carbon capture, flaring and disclosures

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Oil giant Exxon Mobil, once the most valuable company in the U.S., is fighting for its future.

Over the summer, investors forced a change on Exxon’s board. Since then, the company has been speeding up plans for its green economy pivot, which includes carbon capture and storage.

Carbon capture is the process of capturing CO2 at its source. Companies can store the carbon dioxide permanently, but it is more profitable and common to use the captured carbon in further fossil fuel production.

Congressional researchers say U.S. companies have pioneered the technology worldwide, injecting roughly 68 million metric tons of carbon dioxide back into the ground every year.

Exxon Mobil recently announced…



Source cnbc.com

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