ExxonMobil has pledged to reduce greenhouse gas emissions at its global oil and gas operations to net zero by 2050.
The goal applies to the company’s Scope 1 and 2 emissions and builds on its 2030 emissions reduction plans, which include net zero emissions from Permian Basin operations.
ExxonMobil also intends to help customers reduce their greenhouse gas emissions by investing in carbon capture and storage (CCS), hydrogen and biofuels technologies.
In addition, it plans to invest in methane mitigation technologies, equipment upgrades and has pledged to eliminate routine flaring.
Net zero by 2050 – that’s our ambition. We’re building roadmaps to help us lower Scope 1 & 2 emissions at our operated facilities. Our Advancing Climate Solutions 2022 Progress Report shows where we’re headed – today and tomorrow. https://t.co/9jYdG4rUHt pic.twitter.com/wqhtEXrUpY
— ExxonMobil (@exxonmobil) January 18, 2022
However, no commitment for Scope 3 emissions has been made yet.
Darren Woods, Chairman and Chief Executive Officer said: “ExxonMobil is committed to playing a leading role in the energy transition, and Advancing Climate Solutions articulates our deliberate approach to helping society reach a lower emissions future.
“We are developing comprehensive roadmaps to reduce greenhouse gas emissions from our operated assets around the world and where we are not the operator, we are working with our partners to achieve similar emission-reduction results.”