ExxonMobil cancels CO2 pipeline project due to government policy uncertainty and local opposition.

ExxonMobil has canceled its plan to build a CO2 pipeline from its Fawley refinery to a storage site under the English Channel, citing uncertainty in government policy as the main reason. The project faced significant opposition, including a petition against it and a unanimous vote from the Isle of Wight Council. Local MPs welcomed the decision, and ExxonMobil will continue exploring other emission reduction solutions while maintaining its economic contributions.

October 03, 2024
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