Exxon Makes a Long-Shot Bet on Climate Tech. Sizing Up the Costs.

Exxon Makes a Long-Shot Bet on Climate Tech. Sizing Up the Costs.·Barrons.com
Avi Salzman
4 min read
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Exxon Mobil whose business has been built on products that emit carbon dioxide, is now pulling that gas out of the air through a contraption that it thinks could help solve climate change. Exxon CEO Darren Woods spoke about the invention this past Friday during the company’s first quarter earnings call. It’s known as a direct air capture unit and sits at the company’s Baytown, Texas, refining and chemicals complex.

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