There is no path forward to a net-zero 2050 scenario without substantial carbon capture and sequestration being a part of the puzzle, according to Bobby Tudor, co-founder of Tudor, Pickering, Holt, and Co. who currently serves as chairman of the Greater Houston Partnership’s energy transition initiative.

In this interview with Hart Energy, Tudor said he applauds the recent proposal by Exxon Mobil Corp. for a $100 billion carbon capture megaproject that would capture CO₂ emissions from U.S. petrochemical plants and pipe them into natural geological formations below the Gulf of Mexico seafloor for storage.

“The announcement is very significant not just for Houston, but really for the world and for global efforts toward reducing CO₂ emissions,” Tudor told Hart Energy’s Faiza Rizvi. “We are pleased to see Exxon take on the leadership position and drive what is going to be an incredibly important project for our country’s energy transition plans.”

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