Leap of faith: Exxon bets the house on explosive growth in CCS and hydrogen

Rattled by activist investor, US supermajor grasps for a ‘green’ growth narrative

ExxonMobil’s latest strategy to shore up its finances while investing in lower carbon technologies is asking investors to take several giant leaps of faith in the potential future market for carbon capture and hydrogen. It does not acknowledge the risk that these technologies might fail to commercialise, nor does it say whether the company learned anyth…