Posted by John Donovan 28 March 2024
Hold onto your hats, folks, because it looks like the oil giants have come up with a brilliant new plan to tackle climate change: burying massive amounts of CO2 deep underground in Southeast Asia. Yes, you heard that right. After decades of gleefully pumping carbon into the atmosphere like there’s no tomorrow, Exxon, Shell, Chevron, and their merry band of polluters have suddenly had a change of heart—or more likely, a change of profit margins.
You see, carbon dioxide storage is the latest cash cow for these fossil fuel fiends, promising them billions in revenue while they continue to wreak havoc on our planet. And where better to dump their toxic waste than in countries like Indonesia and Malaysia, where regulations are lax and profits are high?
Exxon Mobil’s CEO Darren Woods is practically giddy at the prospect, boasting about securing “exclusive rights to CO2 storage” in these unsuspecting nations. Nothing says “saving the planet” like monopolizing the substance driving us towards environmental catastrophe.