ExxonMobil promises to reduce greenhouse gas emissions in next 5 years: WSJ

ExxonMobil Corp. has promised to reduce greenhouse-gas emissions from its operations over the next five years and eliminate the regular flurring of methane by 2030, responding to pressure from activists and investors to reduce its carbon footprint.

The Texas-based oil company said Monday it would reduce the “intensity” of emissions from its oil-gas production from 15% to 20% by 2025. It does not provide exactly the exact number of total emissions. Will represent a reduction.

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The company also said it would regularly ignite or burn methane from oil and gas operations in the next 10 years. According to the Environmental Protection Agency, methane is a greenhouse gas that contributes to climate change like carbon dioxide.

ExxonMobil Corp. has promised to reduce greenhouse-gas emissions from its operations over the next five years and eliminate the regular flurring of methane by 2030, after pressure from activists and investors to reduce its carbon footprint. Photographer: Cola

The targets are related to emissions that come directly from Exxon’s operations and not from its products, from gasoline and jet fuels. Exxon said it will begin releasing emissions data related to its products next year.

Darren Woods, Exxon’s chief executive, said: “We support and support society’s ambition to achieve net zero emissions by 2050, and advocate for policies that promote cost-effective, market-based solutions to mitigate the risks of climate change. “

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UP to reach pure-zero carbon emissions P.L.C. And Royal Dutch Shell plc. The pledges made by European allies, including the United States, are stalled – efforts Mr Wood previously called a “beauty competition”.

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