The big new Exxon Mobil climate change deal that got an assist from Joe Biden

Read the full story from CNBC.

Exxon’s carbon capture and sequestration deal with CF Industries and Enlink Midstream in Louisiana could be significant for the future of Big Oil’s low-carbon business. One key: tax incentives included in the Inflation Reduction Act passed in August. Environmental critics say the new law just subsidizes an expensive technology, but Exxon says deal will be the first of many from a large backlog that is “starting to move quickly” and that the Biden climate plan has helped to catalyze.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.