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Summary:

At the urging of state officials, Texas oil giant ExxonMobil has undertaken a $70 million project to capture and store 6 million metric tons of emissions annually from its natural gas plant in La Barge, Wyo., an increase of 50 percent from the current 4 million […]

At the urging of state officials, Texas oil giant ExxonMobil has undertaken a $70 million project to capture and store 6 million metric tons of emissions annually from its natural gas plant in La Barge, Wyo., an increase of 50 percent from the current 4 million tons per year. Better known for denying humans’ contribution to climate change, the company plans to spend another $100 million testing technology for stripping carbon out of natural gas by 2010, the Wall Street Journal reports.

To be sure, $170 million is little more than pocket change for Exxon, with its record-breaking profits. But while the company now lets about half the La Barge plant’s emissions spit out into the atmosphere, the new project — combined with expertise acquired during decades of dabbling in carbon sequestration (see our FAQ on the technology) — could give Exxon an odd lead in the race to devise emissions-control technologies ahead of carbon pricing schemes supported by President-elect Barack Obama.

“Certainly, Exxon isn’t usually thought of as being in the forefront of environmental progress,” Environmental Defense Fund’s A. Scott Andersonbut told the WSJl, “but the fact is they are deeply involved in carbon capture and storage technology.” Here’s hoping the company’s pledged carbon storage testing will yield more results than the clean coal lobby’s meager R&D.

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By Josie Garthwaite

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  1. Exxon to Spend $170M on Carbon Capture, Storage Technology | Novogreen Tuesday, December 30, 2008

    [...] read more about this here. [...]

  2. Exxon to Spend $170M on Improving Their Carbon Footprint | EcoSilly Tuesday, December 30, 2008

    [...] best track record when it comes to environmental issues, ExxonMobil is looking to change that with a $170 million investment in carbon storage [...]

  3. Maybe ExxonMobil should save their money and speak to this company….

    http://www.businessgreen.com/business-green/news/2232427/liverpool-airport-co2-power

    Looks like they are already where Exxon wants to be…

  4. It’s such a joke. I live on a 38,000 ranch in south texas. ExxonMObil has a big operation here with old compressors from 1947 that pollute like crazy. They have entire compliance department to make sure they get grandfathered and loopholes exist.
    my site is
    http://www.RanchoLosMalulos.com
    ExxonMobil has gas leaking out of old stuff, smoke stacks puffing away, they could care less. I live here. I take the photos I film the videos. I have access! You can see up close how ExxonMobil operates right here in south texas in 2008.

  5. Exxon to Spend $170M on Improving Their Carbon Footprint | Go Green Park Tuesday, December 30, 2008

    [...] best track record when it comes to environmental issues, ExxonMobil is looking to change that with a 0 million investment in carbon storage [...]

  6. EnergyByEarth.com » Exxon Putting $170 Million Towards Carbon Capture Technology Thursday, January 8, 2009

    [...] Earth2Tech Share and [...]

  7. Exxon Putting $170 Million Towards Carbon Capture Technology » Dekalb Academy of Technology & the Environment Thursday, January 8, 2009

    [...] Earth2Tech [...]

  8. Exxon putting $170 mil towards carbon capture technology | Gfeen.com Friday, January 9, 2009

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  9. Top 10 Reasons to Oppose Cap and Trade « Stop Socialism Now Wednesday, April 29, 2009

    [...] imposed by a cap and trade system would be significant.  Recently, major energy companies such as ExxonMobil and Shell have invested hundreds of millions of dollars in technologies that capture and store [...]

  10. FACTS: WHY VOTE AGAINST CAP & TRADE (HR2454) « FactReal Friday, June 26, 2009

    [...] IT PREVENTS MARKET FORCES FROM WORKING FOR THE ENVIRONMENT:  Major energy companies such as ExxonMobil and Shell have invested hundreds of millions of dollars in technologies that capture and store [...]

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