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Friday, September 20, 2024

Exxon Mobil Buys Pipeline Operator, Making Big Bet on Carbon

Exxon Mobil is buying pipeline operator Denbury for almost $5 billion, a big bet by the oil giant on the business of transporting and storing carbon. Dallas-based Denbury, which emerged from bankruptcy in 2020, has been one of the big winners from the Biden administration’s signature climate bill by …

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