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Exxon Makes a Long-Shot Bet on Climate Tech. Sizing Up the Costs.

Exxon Makes a Long-Shot Bet on Climate Tech. Sizing Up the Costs.

Exxon Mobil whose business has been built on products that emit carbon dioxide, is now pulling that gas out of the air through a contraption that it thinks could help solve climate change. Exxon CEO Darren Woods spoke about the invention this past Friday during the company’s first quarter earnings call. It’s known as a direct air capture unit and sits at the company’s Baytown, Texas, refining and chemicals complex.