Returning to the U.S. for the first time in 30 years, the 23rd World Petroleum Congress got off to a fast start on Monday in Houston. Considered the epicenter of the global energy debate, Houston is easily recognized as the energy capital of the world, home to 4,600 energy firms.
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Exxon Wants Financial Incentive for $100 Billion Carbon Capture Hub
The company s proposed $100 billion carbon capture project would require a large-scale public-private partnership and could capture up to 100 million tons of carbon per year. April 27, 2021, 7am PDT | Diana Ionescu |
U.S. Army Corps of Engineers [L]ess than three months after the company announced plans to invest $3 billion into a new low-carbon solutions venture, Exxon has proposed a $100 billion carbon capture facility in Houston, citing the city s large concentration of carbon-emitting industries and location near the Gulf of Mexico that could store large amounts of carbon dioxide safely and permanently, reports Paul Takahashi in the Houston Chronicle.