Exxon, which is counting on carbon capture and storage as a primary way to achieve its targets for reducing greenhouse gas emissions , touted the recent creation of a new business unit to commercialize the technology during its annual analysts day Wednesday, saying political changes and other advances were combining to make it more viable. “We’ve made enough progress where we are bringing some of the technology to the field now,” Chief Executive Darren Woods said in an interview. “Couple that with governments around the world putting policies in place, investment interest in the space—all of this is coming together.” While the Biden administration has expressed support for carbon capture, a process which captures emissions and deposits them underground, many believe huge incentives are needed to spur its deployment, and political hurdles remain. So far, the primary commercial use for captured carbon has been deploying it to squeeze more […]