ExxonMobil recently announced new business in storing CO2 from Houston ship channel using a new underground storage technology: https://www.nytimes.com/2021/04/19/business/exxon-mobil-makes-a-pitch-for-capturing-emissions-and-a-carbon-price.html

BP had previously announced the use of a similar technology in the United Kingdom: https://www.nytimes.com/2021/03/08/business/carbon-capture-bp.html

In this video, Vikram explains how this technology works to take captured CO2 and store it "permanently" underground, using old oil wells and reservoirs. He explains that he believes the combination is nearing mainstream economic viability and could become the leading carbon mitigation (from previously produced CO2) technology. That being said, he still feels that changing productive process to reduce our reliance on hydrocarbons is ultimately the more impactful route, both technologically and societally.

Tune in to hear the discussion!

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