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Exxon Pledges to Reduce Carbon Emissions From Operations to ‘Net Zero’

Christopher M. Matthews reports for The Wall Street Journal that Exxon is pledging to reach net-zero emissions by 2050.

The C3 Take
  • Exxon has pledged that they will reach net zero emissions by 2050 through emissions reductions or offsets.
  • Thus far the pledge only covers the company’s scope 1 and 2 emissions, but Exxon says it will work with its partners to further reduce scope 3 greenhouse gas emissions.
  • Earlier this year the oil giant announced that it would invest $15 billion through 2027 to invest in clean technologies and cut emissions.
  • Innovation and private sector leadership are creating a cleaner future.

“With Exxon’s announcement, all of the largest Western oil companies have now made so-called net-zero commitments to reduce or offset greenhouse-gas emissions. BP PLC and Royal Dutch Shell PLC did so in 2020, and in time the largest U.S. oil companies followed suit. Chevron Corp. said in October it had set a net-zero aspiration.

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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