July 15, 2024

TechCrunch

Exxon wants to drill enough lithium out of Arkansas to power 1M EVs per year

Fossil fuel giant Exxon is betting its U.S. lithium operation will power a new generation of electric cars. The U.S. has hundreds of thousands of tons of “recoverable” lithium, which could go to use in batteries for cars, handhelds and renewable energy storage, a 2021 U.S. Geological Survey said. The Biden administration is pushing for more lithium mines, despite opposition from indigenous and environmental groups, and now Exxon is committing to drilling it out of the ground in Arkansas.

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