Among these are carbon capture, emissions reductions, hydrogen and direct air capture. Sustainability Focus Earlier this month the Texas-based oil major created ExxonMobil Low Carbon Solutions. The new business, which aims to commercialize the company's low-carbon technology portfolio, will initially focus on carbon capture and storage, a suite of technologies considered among the most critical to reaching net-zero emissions. Exxon isn't alone. Chevron Corp. on Feb. 25 said it is allocating $300 million toward low-carbon technology investments as part of Future Energy Fund II. The company launched the first Future Energy Fund in 2018 to support carbon capture, emerging mobility and energy storage innovations. Chevron said the second fund will focus on "innovation in industrial decarbonization, emerging mobility, energy decentralization and the growing circular carbon economy."