ExxonMobil Announces Emission Reduction Plans; Expects to Meet 2020 Goals
14 Décembre 2020 - 3:00PM
Business Wire
- Greenhouse gas plans consistent with goals of Paris
Agreement
- Sets 2025 greenhouse gas emission reduction plan: intensity of
upstream emissions to drop by 15-20%; methane intensity by 40-50%;
flaring intensity by 35-45%
- Aims for industry-leading greenhouse gas performance across its
businesses by 2030
- Plans to eliminate routine flaring by 2030; provide Scope 3
emissions beginning in 2021
- Anticipates meeting 2020 methane and flaring reductions
ExxonMobil said today it plans further reductions in greenhouse
gas emissions over the next five years to support the goals of the
Paris Agreement and anticipates meeting year-end 2020
reductions.
ExxonMobil plans to reduce the intensity of operated upstream
greenhouse gas emissions by 15 to 20 percent by 2025, compared to
2016 levels. This will be supported by a 40 to 50 percent decrease
in methane intensity, and a 35 to 45 percent decrease in flaring
intensity across its global operations. The emission reduction
plans, which cover Scope 1 and Scope 2 emissions from operated
assets, are projected to be consistent with the goals of the Paris
Agreement. The company also plans to align with the World Bank’s
initiative to eliminate routine flaring by 2030.
“These meaningful near-term emission reductions result from our
ongoing business planning process as we work towards
industry-leading greenhouse gas performance across all our business
lines,” said Darren Woods, chairman and chief executive officer of
Exxon Mobil Corporation. “We respect and support society’s ambition
to achieve net zero emissions by 2050, and continue to advocate for
policies that promote cost-effective, market-based solutions to
address the risks of climate change.”
ExxonMobil’s plans will leverage the continued application of
operational efficiencies, and ongoing development and deployment of
lower-emission technologies.
The plan is the result of several months of detailed analysis
and includes input from shareholders.
Other measures include:
- Continued investments in lower-emission technologies, such as
carbon capture, manufacturing efficiencies, and advanced
biofuels
- Increased cogeneration capacity at manufacturing
facilities
- Continued support for sound policies that put a price on
carbon
- Continued accounting for environmental performance as part of
executive compensation.
ExxonMobil will also provide Scope 3 emissions on an annual
basis, but notes that reporting of these indirect emissions does
not ultimately incentivize reductions by the actual emitters.
Meaningful decreases in global greenhouse gas emissions will
require changes in society’s energy choices coupled with the
development and deployment of affordable lower-emission
technologies.
Since 2000, the company has invested more than $10 billion
researching, developing and deploying lower-emission technologies,
including nearly $3 billion at cogeneration facilities that more
efficiently produce electricity and reduce related emissions.
In 2018, ExxonMobil announced plans to achieve by year-end 2020,
a 15 percent decrease in methane emissions and a 25 percent
reduction in flaring, compared with 2016 levels. The company
anticipates meeting both by year end. Detailed emissions
performance is reported in annual publications, including the
Energy and Carbon Summary.
The company has supported the Paris Agreement from its inception
and continues to support U.S. government participation in the
framework. ExxonMobil assesses its business strategy and plans
against a range of scenarios, including those that meet the
objectives of the Paris Agreement, which assume progress in
technologies, infrastructure and government policies related to
climate change.
The company supported the Oil and Gas Climate Initiative’s
announcement to reduce methane and carbon intensity for upstream
operations. It also deployed new technologies throughout its
operations to reduce flaring and methane emissions, while working
to test new technologies to detect and measure fugitive emissions.
ExxonMobil publicly supports the regulation of methane from new and
existing sources and issued a methane regulatory framework for
governments to consider as they draft new policies.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international
energy companies, uses technology and innovation to help meet the
world’s growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is one of the largest refiners and
marketers of petroleum products, and its chemical company is one of
the largest in the world. To learn more, visit exxonmobil.com and
the Energy Factor.
Follow us on Twitter and LinkedIn.
Cautionary Statement
Statements of future events, goals or conditions in this release
are forward-looking statements. Actual future results, including
project plans and timing, future reductions in emissions and
emissions intensity, and the impact of operational and technology
efforts could vary depending on the ability to execute operational
objectives on a timely and successful basis; changes in laws and
regulations including international treaties and laws and
regulations regarding greenhouse gas emissions and carbon costs;
trade patterns and the development and enforcement of local,
national and regional mandates; unforeseen technical or operational
difficulties; the outcome of research efforts and future technology
developments, including the ability to scale projects and
technologies on a commercially competitive basis; changes in supply
and demand and other market factors affecting future prices of oil,
gas, and petrochemical products; changes in the relative energy mix
across activities and geographies; the actions of competitors;
changes in regional and global economic growth rates and consumer
preferences; the pace of regional and global recovery from the
COVID-19 pandemic and actions taken by governments and consumers
resulting from the pandemic; changes in population growth, economic
development or migration patterns; and other factors discussed in
this release and in Item 1A. “Risk Factors” in ExxonMobil’s Annual
Report on Form 10-K for 2019 and subsequent Quarterly Reports on
Forms 10-Q, as well as under the heading “Factors Affecting Future
Results” on the Investors page of ExxonMobil’s website at
www.exxonmobil.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201214005262/en/
Media Relations 972-940-6007
Exxon Mobil (NYSE:XOM)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Exxon Mobil (NYSE:XOM)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024