Exxon Mobil Plans to Produce Lithium in Arkansas
The move is the oil giant's first foray in the production of a metal
vital for electric vehicle batteries.
Exxon Mobil said on Monday that it planned to set up a facility in
Arkansas to produce lithium, a critical raw material for electric
vehicles, which pose one of the biggest challenges to the company's
oil business.
Coming just a month after Exxon said it would spend $60 billion to buy
Pioneer Natural Resources, the announcement signals that the large oil
company intends to hedge its big bets on conventional fossil fuels
with at least some investments in cleaner forms of energy that are
needed to combat climate change.
https://www.nytimes.com/2023/11/13/business/energy-environment/exxon-mobil-lithium-arkansas.html
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