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© Getty Images Exxon Mobil pitched a $100 billion public-private carbon storage project on Monday that would take certain emissions from U.S. plants and bury them under the Gulf of Mexico. The project would need “$100 billion or more” from private companies and from local, state and federal governments, President of Exxon’s Low Carbon Solutions Joe Blommaert said, Reuters reported. The plan would be implemented near the Houston Ship Channel and capture CO2 from the 50 largest industrial emitters, Guy Powell, vice president of Low Carbon Solutions, said. ADVERTISEMENT The CO2 would be taken to offshore reservoirs and buried 6,000 feet below the seafloor.

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