Decarbonization Business Could Outgrow Oil, Says Exxon Executive

 

 

 

According to an executive from Exxon, the decarbonization industry has the potential to surpass the oil industry. The shift towards clean energy sources and the global efforts to reduce greenhouse gas emissions are driving the growth of the decarbonization sector. This transformation presents both challenges and opportunities for traditional oil companies like Exxon. While they have the expertise and resources to transition into renewable energy, they must adapt their business models and invest in new technologies. It is crucial for oil companies to embrace decarbonization and position themselves as leaders in the transition to a low-carbon economy.

 

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