Editor’s note: This is the third in a four-part series Oil and Gas Investor is featuring with Kenan-Flagler Energy Center at the University of North Carolina (UNC) at Chapel Hill. Read parts one and two here. Part four will appear in the November issue.

On July 29, Exxon Mobil Corp. announced its second-quarter earnings, and as part of the investor webcast, it disclosed further information about plans to pursue carbon capture, utilization and sequestration (CCUS). These disclosures included signing a memorandum of understanding for a Scotland CCUS project and work on new materials to improve the capture efficiency of CCUS technologies.

There were some mildly positive responses to these disclosures along with dismissive assessments. Parsing the dismissive responses offers an opportunity to explore the potential for a more constructive climate discussion. This discussion will center on the activity on which Exxon Mobil has chosen to focus: CCUS as the second pathway in the climate strategy.

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