ExxonMobil Embarks on Net Zero-Emission Mission

America’s largest producer of crude oil, ExxonMobil, announced its mission Tuesday to achieve net zero carbon emissions by 2050. ExxonMobil identified more than 150 “potential steps” that will help achieve its goal within 30 years, the company announced. The company will increase investments in carbon capture and storage technology, hydrogen and biofuels and bio-based plastic […]

  • by:
  • 03/02/2023

America’s largest producer of crude oil, ExxonMobil, announced its mission Tuesday to achieve net zero carbon emissions by 2050. ExxonMobil identified more than 150 “potential steps” that will help achieve its goal within 30 years, the company announced. The company will increase investments in carbon capture and storage technology, hydrogen and biofuels and bio-based plastic […]

America’s largest producer of crude oil, ExxonMobil, announced its mission Tuesday to achieve net zero carbon emissions by 2050.

ExxonMobil identified more than 150 “potential steps” that will help achieve its goal within 30 years, the company announced.

The company will increase investments in carbon capture and storage technology, hydrogen and biofuels and bio-based plastic waste streams, the Daily Caller reports.

“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,” Chairman and CEO Darren Woods said in a statement.

“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,” he added.

The company’s first actions will add up to a more than $15 billion investment in lower emission initiatives by 2027.

“As we invest in these important technologies, we will advocate for well-designed, high-impact policies that can accelerate the deployment of market-based, cost-effective solutions,” Woods said. “We believe our strategy is unique among industry and enables us to succeed across multiple scenarios.”

Image: by is licensed under
ADVERTISEMENT

Opinion

View All

Notre Dame's bells ring out as Cathedral to reopen for Feast of the Immaculate Conception for first time since 2019

"Today, its bells are finally ringing thanks to the extraordinary work of so many of you. In a month,...

At least 25 dead, dozens injured in Pakistan train station suicide blast

The Baloch Liberation Army (BLA) has taken responsibility for the attack....

PAIGE ROUX: Colorado's under-21 gun sales ban to take effect after federal appeals court ruling

The legislation raised the minimum age for purchasing a firearm in Colorado from 18 to 21....