Carbon Capture and Storage
Carbon capture and storage is a process that takes carbon dioxide that would otherwise have been released into the atmosphere and injects it into underground geologic formations for permanent storage.
Using carbon capture and storage in conjunction with power generation, for example, could have a significant impact on emissions.
- The International Energy Agency and other leading analysts believe carbon capture and storage will be essential to managing climate change risks.
- ExxonMobil is a leader in carbon-capture technology, with a working interest in about 25 percent of global carbon capture and storage capacity.
- The fundamental research ExxonMobil is conducting aims to develop capture technologies with the potential to be economically feasible. Current government policies are not adequate to incentivize widespread CCS deployment.