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-0.000500650846099901 -0.00125162711524982 0.00330429558425952 0.00350455592269945 -0.00230299389205972 -0.000901171522979908 -0.0010013016921998 -0.0060078101531991
Stock impact report

Oil giant Shell is leading the way on this $4 trillion climate change solution some say won’t work [Fortune]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Fortune
Fossil fuel companies are leading the way when it comes to a climate change solution that, despite its backing from multiple governments, has faced criticism as an ineffective way to reach net zero. Carbon capture and storage (CCS) allows industries that burn fossil fuels to trap carbon emissions and transport them via pipelines, trucks, or ships for geological storage. The carbon dioxide is injected underground into rock formations, usually at depths of one kilometer or more. Shell, BP, ConocoPhillips, and Exxon Mobil have all been working on the technology, which Exxon Mobil estimates will be a $4 trillion market by 2050. As the leader of the pack when it comes to CCS, Shell has been extensively developing the technology since 2008. It spent around $70 million on the technology in 2020 alone, making CCS an integral part of its expanding energy portfolio. The company has been promoting CCS as a key part of its sustainability efforts. Its Sustainability Report 2019 notes that the c Show less Read more
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