Exxon to buy Denbury in US$4 9-billion deal theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
By Sabrina Valle and Arunima Kumar HOUSTON (Reuters) -Exxon Mobil Corp on Thursday agreed to buy Denbury Inc for $4.9 billion to accelerate its energy .
"The Biden administration’s new rulemaking for carbon dioxide pipeline safety, and a nearly $4 million fine for a 2020 pipeline rupture, are seen as a step toward carbon capture goals that envision building out thousands of miles of pipelines, industry watchers said Friday."
The administration's rules, record fine and investigation come after a 2020 pipeline leak sent dozens of people to the hospital and new projects are debated