In an exclusive interview with Hart Energy, Exxon’s Prasanna Joshi said the company is pushing ahead with its carbon capture projects in Texas but that the company plans to expand beyond the U.S.
Chevron is spending about 10% to 12% of its overall budget in the low carbon space as it strives for net-zero emissions by 2050, its new energies president says.
Exxon Mobil CEO Darren Woods joined the leaders of Aramco and China National Petroleum Corp. in calling for governments not to prematurely pull the plug on the current energy system at the World Petroleum Congress.
U.S. low-carbon projects face a medley of different risks from sluggish federal permitting timelines to huge spending budgets and an uncertain road to profitability.