Texas regulator approves Exxon's $5B carbon capture project after lengthy battle
Texas regulators narrowly approved ExxonMobil's $5 billion carbon capture project, allowing the injection of ~53M metric tons of CO2 into underground wells. This permits the advancement of the world's largest CCS pipeline network. Despite public opposition, the Texas Railroad Commission voted in favor. While Exxon calls it a major milestone, analysts warn that recent Trump administration rollbacks of climate rules may reduce demand for CCS technology in the power sector.
