Energy Firms Build New Strategies To Uphold Environmental Standards

While achieving set environmental goals like reduced greenhouse gas emissions, major energy companies have opted to turn carbon sequestration into profitable ventures. The move is, reportedly, in accordance with the 2015 Paris Climate Agreement which aims to limit the increase in planetary warming to less than 1.5-degree Celsius. Companies like Kinder Morgan Inc, Baker Hughes Co and Exxon Mobil Corp have started to commercialise carbon removal technologies by using substitutes, carbon capture and its utilization.