Exxon Enters the Electricity Business, Takes a Swipe at Nuclear - Barron's
1. Exxon plans to enter electricity markets with natural-gas power plants. 2. Natural gas plants aim to compete with carbon-free nuclear power. 3. Exxon possesses the largest carbon pipeline network, enhancing its competitiveness. 4. Nuclear plants take longer to build compared to natural-gas facilities. 5. Carbon capture technology could give Exxon a financial edge over competitors.