Exxon Mobil Corp's fledging low carbon energy business on Wednesday struck its first commercial carbon storage deal under an effort to target a projected by 2050.
to bury carbon dioxide at an Exxon site in Louisiana kicks off an unusual business for the oil giant: making money from burying gases for companies looking to reduce their own atmospheric emissions.
Exxon signed a parallel agreement to use Enlink Midstream's network to transport the CO2 to the storage site.
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