Exxon’s Carbon-Capture Deal is Pale Shade of Green

(Reuters Breakingviews) – Exxon Mobil (XOM.N) is banking on the world needing fossil fuels for years to come, and its cautious energy transition philosophy under boss Darren Woods can be seen clearly in the company’s latest acquisition. The oil titan’s $4.9 billion all-stock deal for Denbury (DEN.N) unveiled on Thursday provides a financially and strategically judicious way to capture and … Read more

Leave a Comment