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Market
Will Exxon Mobil face significant environmental protests over Texas carbon storage by mid-2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
News reports from major outlets like Reuters, Bloomberg, or CNN
Story
Exxon Mobil ($XOM) Secures Major Offshore Carbon Storage Lease in Texas
Oct 10, 2024, 12:47 PM
Exxon Mobil ($XOM) has secured the right to pump carbon dioxide beneath Texas state waters in the Gulf of Mexico. This marks the largest offshore carbon dioxide storage lease in the U.S., executed with the Texas General Land Office. The move is part of Exxon Mobil's efforts to expand its Gulf Coast carbon storage network.
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Similar markets
Yes • 50%
No • 50%
Completion of infrastructure setup • 25%
First million tons of CO2 stored • 25%
Partnership with new emitters • 25%
No major milestone achieved • 25%
Industrial plants • 25%
Power plants • 25%
Refineries • 25%
Other sources • 25%
Yes • 50%
No • 50%
Chevron • 25%
Shell • 25%
BP • 25%
Other company • 25%
