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Exxon Mobil Doubles Down on CCS Amid Climate Criticism

2/4/2026

32 6 Full Breakdown

Summary

Story summary

Exxon Mobil Corporation (Exxon) has intensified lobbying since 2018 to obtain CCS incentives.
In Michael Mann's The New Climate War, Exxon is described as denying climate change.
Exxon redirected focus toward carbon capture and storage, while scientists urge renewables and critics call CCS ineffective.
The company plans to continue drilling and foresees 25 years of stable oil demand, while Inflation Reduction Act subsidies benefit Exxon.

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Story summary

Exxon Mobil Corporation (Exxon) has intensified lobbying since 2018 to obtain CCS incentives.
In Michael Mann's The New Climate War, Exxon is described as denying climate change.
Exxon redirected focus toward carbon capture and storage, while scientists urge renewables and critics call CCS ineffective.
The company plans to continue drilling and foresees 25 years of stable oil demand, while Inflation Reduction Act subsidies benefit Exxon.