Houston Public MediaThe Texas General Land Office partners with ExxonMobil to lease 270,000-plus acres offshore for carbon emissions storage. This historic deal could benefit both the environment and education funding.
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Texas signs largest offshore lease for carbon capture and storage in U.S. history
ExxonMobil is leasing more than a quarter million acres of subsea land off the coasts of Galveston, Chambers, and Jefferson Counties to trap and store carbon dioxide permanently. Funds from the lease will benefit Texas' Permanent School Fund.