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It also confirmed it was withdrawing the project from the UK government's CCS competition, which is offering up to £1bn for schemes to trap and bury carbon dioxide.
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Withdrawing from the project would have exposed G.E. to a long court fight and potentially enormous financial penalties.
Despite withdrawing from the project, the Arctic exploration project is among Exxon's 2014 results linked to CEO Rex Tillerson's annual pay award.
Mr. Pace said the Chinese had encountered difficulties cooperating with Europe on the Galileo global satellite navigation system, ultimately withdrawing from the project in 2007.
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The international funders behind the hydroelectric dam opposed by murdered Honduran environmentalist Berta Cáceres are withdrawing from the project, the Guardian can reveal.
Attrition may occur due to participants withdrawing from the project, admission to hospital or a nursing home or consumer death.
Participation in the study was entirely voluntary and interviewees were given the option of withdrawing from the project at any time without giving a reason.
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