ExxonMobil pledges net-zero emissions by 2050
ExxonMobil said on Tuesday it aims to achieve net-zero emissions from its global operations by 2050, joining global oil and gas companies.
"We are developing comprehensive roadmaps to reduce greenhouse gas emissions from our operated assets around the world," Exxon Chief Executive Officer Darren Woods said in a statement.
The company said that its strategy applies to Scope 1 and Scope 2 greenhouse gas emissions.
“It builds on the Company’s 2030 emission-reduction plans, which include plans to reach net-zero emissions in our Permian Basin operations by 2030, and ongoing investments in lower-emission solutions, including carbon capture and storage, hydrogen and biofuels,” the company said in a statement.
Last November, Exxon said it would increase its expenditure US $15 billion by 2027 on projects dedicated to lower carbon emissions.
KEEPING THE ENERGY INDUSTRY CONNECTED
Subscribe to our newsletter and get the best of Energy Connects directly to your inbox each week.
By subscribing, you agree to the processing of your personal data by dmg events as described in the Privacy Policy.
More oil news

Asian Stocks Rise as Xi Meeting Spurs China Tech: Markets Wrap

Europe Defense Spending Lifts Stocks, Hurts Bonds: Markets Wrap

Oil Holds Declines on Prospect of Higher Russia, Iraq Supplies

Canada’s Conservative Leader Pitches Major Natural-Resource Revamp to Counter Trump

EPA Terminates Nearly 400 Workers Amid US Government Purge

Trump to Create White House Council to Drive Energy Dominance

Oil Steadies as Trump’s Reciprocal Tariffs Add to Trade Tensions

Isuzu to Build Car Plant in South Carolina as Trump Tariffs Loom

SoftBank Weighs Debt-Heavy Financing in $500 Billion AI Push
