Exxon is working on tech to remove CO2 from atmosphere but a breakthrough is needed to slash costs
ExxonMobil(XOM) CNBC·2024-04-26 18:32
Exxon Mobil is working on technology to directly remove carbon dioxide from the atmosphere with the goal slashing sky-high costs by half, CEO Darren Woods said Friday.Woods said direct air capture technology holds huge long-term potential as a tool to address climate change, but is currently unaffordable at scale with the removal of atmospheric emissions costing between $600 to $1,000 per ton."If you tried to apply that across the emissions challenge the planet has, the world won't be able to pay for that," ...