Will Oil Prices Stay High? 2024 Could See a Collapse of Demand barrons.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barrons.com Daily Mail and Mail on Sunday newspapers.
Carbon capture is the centerpiece of Exxon’s climate-related efforts primarily because unlike renewable energy, which competes with oil and gas, capturing carbon complements Exxon’s core business and thereby may extend its lifespan. Its $4.9 billion acquisition of Denbury Inc is also useful for the Inflation Reduction Act’s carbon capture credits, which effectively provide Exxon with extremely patient venture capital