Exxon: Decarbonization Business Is Set For Huge Growth | OilPrice.com

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

United States News News

United States United States Latest News,United States United States Headlines

ExxonMobil CEO Woods: Low Carbon business has the potential to outperform its legacy oil and gas business.

Lierop argues that carbon pricing, Carbon Capture, Utilization and Storage technology and policies need to be such that capturing, repurposing or permanently storing carbon dioxide becomes more profitable than emitting it into the atmosphere. If policymakers were to price CO2 at $100 per ton, the 40 GT of CO2 that the world emits annually represents a $4 trillion opportunity for carbon capture firms.

Beneficially used captured CO2 or its precursor carbon monoxide as a feedstock to produce fuels, chemicals, and products such as concrete in a way that results in emissions reductions as defined by federal requirements. Still, that might be too low to encourage carbon capture firms whose breakeven point is higher than $50/ton. Coupling 45Q with a Fee and Dividend system could be a more effective solution. This system is currently under consideration in the U.S. House of Representatives

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Well it certainly would if you Woodstock Manufacturing those other ones

Virtue signalling

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shale Stocks Making Big Daily Gains Amid Exxon-Pioneer Reports | OilPrice.comShares in American shale producers ticked up almost across the board Monday after reports that Exxon was in informal talks for the potential acquisition of Pioneer Natural Resources, whose stock jumped 8.5% on the day.
Source: OilandEnergy - 🏆 34. / 68 Read more »

Outlander's Sam Heughan boosts earnings as his business netted a £2.5m profitLatest accounts filed at Companies house for his firm Cairn Mor Creative show that it had total assets of more than £2.6m for 2022.
Source: Daily_Record - 🏆 9. / 89 Read more »

Question exactly what it would have meant to have a ‘business-friendly’ FMI AM not an SNP member so refrained from commenting during the recent leadership contest. Now it is over I would like to offer some observations. Quite a ranty letter but one that makes important points. It is abundantly clear that neoliberal economic ideas are irrational and unethical. Like conservative religion, they seek to deny freedoms and rights. No wonder these ideologies go hand in hand.
Source: SunScotNational - 🏆 49. / 63 Read more »

I dropped out of school and was laughed at - now my business is worth £70millionWHEN Sean Reddington dropped out of school at the age of 16, he felt like the “black sheep” of the family. In fact, his average GCSE results were so out of place in his family of teachers, one of t…
Source: TheSun - 🏆 64. / 61 Read more »

Scots schoolboy who started sweetie business in bedroom set to earn thousandsSol has made £700 in just one month - meaning he'll make nearly £8,500 this year if sales continue at that rate
Source: Daily_Record - 🏆 9. / 89 Read more »