ExxonMobil

XOM
has always been a company that does things in a big way. As I detailed back in April when the company announced its plan for a $100 billion project centered on the Houston area, its venture into the carbon capture, utilization and storage (CCUS) space would be no exception. As one Exxon executive involved in the company’s CCUS business unit told me then, “It’s going to be a big undertaking, but that’s kind of what we do.”

On Thursday, Exxon and 10 other Houston-area companies announced plans to work cooperatively on the massive project, which would when completed play a significant role in helping each of them achieve their ESG-related goals in the coming decades. Those companies include some of the…

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