ExxonMobil has been criticised for dragging its feet on climate change. — Reuters picNEW YORK, March 3 — ExxonMobil outlined today a “lower-carbon” future involving both significant carbon capture and storage technology and continued fossil fuel use in a plan that looked unlikely to fully satisfy environmental critics.
The ExxonMobil event comes amid shifting US political dynamics on climate change, with the United States rejoining the Paris climate agreement and Congress refocusing on the topic after it was depriortised under former president Donald Trump. CCS currently is in use at relatively modest levels worldwide, but policy makers see the method as part of the toolbox for mitigating climate change.
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