The EU and US have said they will put money in the climate damage fund at COP28
The deal puts focus on the Permian and signals Exxon is sticking to its fundamental business
The engineering, procurement and construction contract was awarded to Petrofac Emirates
The project will triple the company’s carbon capture capacity to 2.3 million tonnes per annum
The deal facilitates knowledge sharing between the two entities while exploring potential joint investments in upstream projects
Global steelmakers face technological hurdles as well as massive costs to green their operations