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Carbon Dioxide Could Be a Multi-Trillion-Dollar Opportunity for These Oil Stocks

Carbon Dioxide Could Be a Multi-Trillion-Dollar Opportunity for These Oil Stocks

Burning fossil fuels emits a significant amount of carbon dioxide into the atmosphere, which impacts the environment. While carbon dioxide is a big problem for the oil and gas industry, many energy companies are starting to see an opportunity. Oil giant ExxonMobil (NYSE: XOM) estimates that capturing carbon dioxide and storing it underground (i.e., carbon capture and storage, or CCS) could become a $4 trillion market by 2050.