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Exxon Considers Pledging ‘Net-Zero’ Carbon by 2050

Christopher M. Matthews and Emily Glazer of The Wall Street Journal report that Exxon is considering making net-zero carbon pledges.

The C3 Take
  • Exxon is facing pressure from investors and other members of the business community to announce net-zero goals.
  • For now, Exxon has pledged to reduce its carbon intensity and will unveil more specific climate plans later this year.
  • While it remains to be seen if  Exxon will make a net-zero carbon pledge, it is encouraging to see so many members of the private sector taking their environmental impact seriously.

Exxon XOM +0.95% Mobil Corp. is considering a pledge to reduce its net carbon emissions to zero by 2050, according to people familiar with the matter, in what would amount to a significant strategic shift by the oil company.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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