ExxonMobil’s carbon capture plan to fight climate change sparks Montana battle

The remote stretch of public grazing land in southeastern Montana has hardly changed since homesteading days, but underneath this wind-swept expanse lies a hidden asset in high demand: thousands of acres of porous rock where oil company executives say greenhouse gas could be piped in from afar and stored forever.

ExxonMobil and the Biden administration see in the grassy 100,000 acres a launchpad for one of the world’s most audacious climate experiments, a plan to take emissions spewing from power plants and factories and trap them underground where they cannot contribute to global warming. The scheme is inching forward despite criticism it will permit polluters to keep polluting while slowing the transition to solar and wind energy. And now sponsors face the additional hurdle of intense local opposition.

Source link

Related Posts

Amazon boss says AI will mean fewer ‘corporate’ jobs

Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Amazon has told its white collar employees that their jobs…

Read more

Trump exits G7 summit and warns of intensification of Israel-Iran conflict

Donald Trump has left the G7 summit in Canada early to return to Washington and predicted a further intensification of Israeli strikes on Iran. Advising Tehran residents to “immediately evacuate”,…

Read more

JPMorgan’s European chief to run business from New York

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. JPMorgan’s European chief is planning to relocate from London to…

Read more

Israel and Iran trade missile strikes as conflict escalates

Israeli air strikes on early Sunday morning hit residential neighbourhoods as well as military targets in Tehran, Iranian state media showed, as Israel’s bombardment of the Iranian capital entered a…

Read more

Israel warns ‘Tehran will burn’ as Netanyahu hints at regime change

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel warned that “Tehran will burn” as it exchanged a…

Read more

Oil prices surge after Israel’s attack on Iran

Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. Oil prices surged on Friday as Israel’s air strikes against Iran…

Read more

Leave a Reply