Inside Exxon Mobil's 'God Pod' - Business Insider

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Inside Exxon Mobil's 'God Pod'

: Emerging technologies that fight climate change such as carbon capture and green hydrogen. The EO directs federal agencies to"identify new opportunities to spur innovation, commercialization, and deployment of clean energy technologies.": Global oil companies, possibly. Though this may be counterintuitive, the idea here is that increasing the cost of production, which Biden's actions may do, could raise the price of oil, which largely determines the profitability of these firms.

Richard Carson/REUTERS; Richard Carson/REUTERS; Mark Schiefelbeinl/Getty; Fazry Ismail/Getty; Skye Gould/Insider

 

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