Exxon Mobil CEO Rejects IEA Criticism on Carbon Capture Strategy
Feb 13,2024 | DAXTROMNSOLAR
Exxon Mobil CEO, Darren Woods, has dismissed the recent criticism of the International Energy Agency (IEA) regarding the company's carbon capture strategy. The IEA argued that Exxon Mobil's plan to increase investment in carbon capture by 15% over the next five years was insufficient to combat climate change. However, Woods defended the strategy, stating that it plays a crucial role in reducing emissions and is aligned with global goals.
In my opinion, it is commendable that Exxon Mobil is focusing on carbon capture as part of its environmental efforts. Carbon capture technology has the potential to significantly reduce greenhouse gas emissions and mitigate climate change. By investing in such strategies, companies can contribute to the global transition towards cleaner and more sustainable energy sources.
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