Exxon Mobil announced Tuesday a goal of net-zero emissions from operations by 2050 but did not make a similar commitment for consumer emissions, which represent the majority of the oil giant’s output. “We are developing comprehensive road maps 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,” CEO Darren Woods said in a statement. “We believe our strategy is unique among industry and enables us to succeed across multiple scenarios. We will create shareholder value by adjusting investments between our existing low-cost portfolio and new lower-emission business opportunities to match the pace of the energy transition.” ADVERTISEMENT Exxon said the company’s net-zero operations goal would focus on areas such as reducing methane leaks and ending routine natural gas venting and flaring. The announcement follows similar commitments by … [Read more...] about Exxon sets ‘net zero’ emissions goal from operations by 2050
