Exxon chases after a $2 trillion opportunity to capture and bury carbon emissions

Exxon chases after a $2 trillion opportunity to capture and bury carbon emissions

Happy Friday and welcome to Insider Energy, a weekly energy newsletter brought to you by Insider.  

Here's what you need to know:

I'm hosting a live energy roundtable on Monday with execs from Shell, Facebook, and other big firms, you know, in case CERAWeek wasn't enough. 

It should be great! We'll discuss whether oil giants still deserve their bad reputations, how companies can generate returns as they pivot to renewables, and what tech breakthroughs we need to clean up the grid. And it's just 30 minutes. You can sign up here. 

Anyway, this week was another week. 

We got a few more details on Exxon's strategy during the company's investor day Wednesday (though not much of what it announced is new). And the fallout from the Texas storm “” now expected to be the most expensive weather event in the state's history “” continues to spread. 

Exxon is chasing what it calls a $2 trillion carbon-capture opportunity

Once skeptical of betting big on carbon-capture technology, Exxon says it's ready to go all-in.

During an investor presentation Wednesday, Darren Woods said advances in the technology and a "growing market need" have created a unique opportunity for Exxon.

Call and response: The reality is that Exxon had to do something. For