ExxonMobil has consistently failed to reach carbon dioxide capture capacity in its long-running Shute Creek carbon capture utilization & storage project and has vented captured CO2 back into the atmosphere when it couldn’t be sold to companies extracting more oil from depleted reservoirs, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
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Rather than being motivated purely by environmental and regulatory pressures, the world’s largest carbon capture facilities are dominated by those that use CO2 to produce more oil and gas. Here’s what you need to know.
ExxonMobil Bidding to Advance CCS Expansion at Wyoming s LaBarge Natural Gas Facility naturalgasintel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasintel.com Daily Mail and Mail on Sunday newspapers.