Imperial Oil Wants More Government Aid for $16 Billion Carbon Capture Project

Imperial Oil Ltd., the Canadian oilsands unit of Exxon Mobil Corp., is calling for more government funding for the nation’s industry, which is embarking on a $16 billion endeavour to deploy carbon capture and storage technology and slash emissions by 2030.

Imperial is a member of Pathways Alliance, a group of Canada’s largest oilsands producers. The group seeks to cut emissions by 22 million metric tons by 2030 and reach net zero by 2050 on emissions from operations.

Bloomberg.com