Energy & Science
Exxon CEO Eyes Money-Making Potential of Low-Carbon World
- Darren Woods wants to partner with venture funds, clean tech
- Carbon price would open up market for trading offset credits
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Exxon Mobil Corp. sees money-making opportunities in carbon offsets and partnerships with venture funds to finance carbon capture, Chief Executive Officer Darren Woods said in a Bloomberg TV interview on Thursday.
“We’re seeing tech funds, venture funds investing in this space looking for opportunities to invest in carbon reduction,” Woods said. “This I think is an opportunity for our Low Carbon Solutions business.”