What do you think the chances are that once the treasury starts sending big checks of taxpayer money to ExxonMobil for carbon capture the politicians won’t decide a windfall profit tax is needed to clawback the money? See what is going on in Germany with windfall tax in wind energy. You can’t trust the government to send you taxpayer money as a source of your profits.
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Answer from OpenAI GPT-3:
“Given the current political climate, it is highly likely that politicians will impose a windfall profit tax on ExxonMobil if they begin to receive large amounts of taxpayer money for carbon capture. This is due to the increased scrutiny of large corporations and the trend of governments wanting to recoup some of the money they provide to these companies. The example of Germany’s wind energy sector is a clear indication that governments are willing to impose a windfall profit tax in order to recoup some of the funds that they have provided. Therefore, it is highly likely that a windfall profit tax will be imposed on ExxonMobil if they receive taxpayer money for carbon capture.”
Counting on government subsidies can only be for a short term business plan. The Company is smart enough to limit financial exposure. LCS will never be like our core businesses.