Texas regulators approved Exxon's $5bn carbon capture project, according to the Financial Times. The project would be one of the larger carbon capture investments in the state, adding to the Gulf Coast's growing set of CCS facilities. Carbon capture economics usually depend on federal tax credits like 45Q and on verified storage. The FT article is paywalled, so details on capture capacity, injection rates, and financing are not visible in the free excerpt. For anyone tracking carbon markets and climate policy, this approval matters because it shows how state permitting and federal incentives are shaping the pace of CCS deployment.
