Exxon Touts Carbon Capture as Climate Fix, but Uses It to Maximize Profit

“The company sells the CO2 to other companies that use it to revive depleted oil fields and has relentlessly fought EPA oversight of the practice.”

“Sprawled across the arid expanse of southwestern Wyoming is one of the world's largest carbon capture plants, a hulking jumble of pipes, compressors and exhaust flues operated by ExxonMobil.

The oil giant has long promoted its investments in carbon capture technology—a method for reducing greenhouse gas emissions—as evidence that it is addressing climate change, but it rarely discusses what happens to the carbon captured at the Shute Creek Treating Facility.

The plant's main function is to process natural gas from a nearby deposit. But in order to purify and sell the gas, Exxon must first strip out carbon dioxide, which comprises about two-thirds of the mix of gases extracted from nearby wells.”

Nicholas Kusnetz reports for InsideClimate News September 27, 2020.