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