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Exxon, Once a Skeptic, Sees Profit in Capturing Carbon Emissions 1 Exxon, Once a Skeptic, Sees Profit in Capturing Carbon Emissions Oil giant had been pessimistic about economic prospects of the technology but now wants to commercialize carbon capture and storage published : 5 Mar 2021 at 04:00 1 Exxon Mobil Corp. says the time has come to turn capturing carbon emissions into a real business, as it faces pressure from activists to become a greener company. That represents an about-face for the Texas oil giant, which for years has held a pessimistic view of investing heavily to commercialize carbon-capture projects, saying they made little economic sense without massive government incentives.

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