ExxonMobil, as well as many oil and gas majors around the world, is actively developing technologies in carbon capture. With rising taxes on CO2 and intense scrutiny over its role in climate change, the oil and gas industry is under pressure to adopt a proactive approach in tackling its greenhouse gas (GHG) emissions. ExxonMobil has invested heavily in carbon capture and will launch a new carbon capture research facility in 2019 to accelerate the scale-up of its technologies.
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