Exxon figured that they’re already good with molecular logistics, so rather than (only) ramp up renewables (which requires new infrastructure for electrical energy management), they’re trying to become the leader in the carbon-capture market.
They’re predicting the carbon-capture market to hit $50 billion by 2030 and as much as $4 trillion by 2050 as industry standards change to require more stringent carbon-footprint management.
Honestly not the worst idea, although it’s def more of a bandaid than a solution. Only issue is that it’s big, bad Exxon, who’s capitalist-style fossil-fuel production is part of what got us into this mess, but, again, this is kinda right in their wheelhouse.