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Exxon is working on tech to remove CO2 from atmosphere but a breakthrough is needed to slash costs
XOMExxonMobil(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 600to600 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," ...