Can Exxon Mobil reduce emissions and stay profitable? Watch the full video to see what experts think of Exxon's green economy plans:
Over the summer, investors forced a change on Exxon's board. Since then, the company has been speeding up plans for its green economy pivot, which includes carbon capture and storage.
Carbon capture is the process of capturing CO2 at its source. Companies can store the carbon dioxide permanently, but it is more profitable and common to use the captured carbon in further fossil fuel production.say U.S. companies have pioneered the technology worldwide, injecting roughly 68 million metric tons of carbon dioxide back into the ground every year.
Exxon Mobil recently announced a plan to increase the amount of carbon it captures from its refineries near Houston, Texas. The company says it has captured 40% of the world's captured carbon to date.