Exxon Mobil Aims to Cut Emissions By 2025

US oil juggernaut Exxon Mobil, which is currently under increasing pressure from investors and climate change campaigners, announced on Monday afternoon it planned to reduce its greenhouse gas emissions over the next five years.

US oil juggernaut Exxon Mobil, which is currently under increasing pressure from investors and climate change campaigners, announced on Monday afternoon it planned to reduce its greenhouse gas emissions over the next five years.

The company said it will start reporting so-called Scope 3 emissions next year, a large category of greenhouse gases emitted from fuels and products it sells to customers, such as jet fuel and gasoline. Exxon pointed out that by the year 2025, it will also reduce the intensity of operated oilfield greenhouse gas emissions by 15 percent to 20 percent from 2016 levels.

“We certainly recognize the direction of travel that the Paris climate accord sets out and the ambitions for society to get to net zero as early as possible before the end of the century. What we have tried to do is to develop specific actionable plans that we can hold our organization accountable to drive continuous improvement in emissions,” Exxon Mobil director of greenhouse gas and climate change Pete Trelenberg said during a press conference.


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