Exxon Mobil is developing a technology for direct air capture of carbon dioxide. This process collects CO2 directly from the atmosphere and stores it underground. The firm maintains a focus on reducing emissions linked to its core activities.
The oil giant’s move is part of a wave of growing interest in direct air capture. However, it is not venturing into electric vehicle charging infrastructure, unlike rivals BP and Shell.
The company did not provide details on the technology or timeline for the direct air capture. They increasingly face pressure from investors to address climate change risks and transition to clean energy.
Read source article here:
https://www.reuters.com/sustainability/exxon-working-direct-air-capture-co2-stays-out-ev-charging-stations-2023-09-19/
