ExxonMobil would like to see the tax credit for carbon capture and storage increased to $100 per ton from the current $50 per ton, as a means to incentivize carbon capture and storage (CCS) projects, the supermajor’s chief executive Darren Woods told CNBC’s David Faber in an interview this week. Exxon’s top executive believes that direct air capture of carbon dioxide from the atmosphere could be “the holy grail” in clean energy technology.
“If you can overcome some of those technology hurdles, get your cost down,…Exxon Calls For Higher Carbon Pricing
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