Exxon touts carbon capture as a climate fix, but uses it to maximize profit and keep oil flowing

by Kevin Crowley and Akshat Rathi, Bloomberg Highlights Carbon captured by Exxon Mobil’s Shute Creek Treating Facility is being sold to other companies that are injecting the carbon into depleted oil fields to help produce more oil Exxon may have claimed hundreds of millions of dollars in tax credits due to the tax credit that encouraged companies … Read more

Exxon’s plan for surging carbon emissions revealed in leaked documents

by Kevin Crowley and Akshat Rathi, Bloomberg Highlights Exxon Mobil is raising its yearly emissions to 17% by 2025, releasing an additional 21 million metric tons of carbon dioxide (CO2) per year according to the companies own assessment of its $210 billion investment strategy  New investment and growth plans come after the company experienced losses during the … Read more