By: Victor Montgomery
ExxonMobil, a CSG Associate and one of the largest publicly traded international energy companies, is leading the transition to a lower-emission energy future. In cooperation with the Paris Climate Accords, ExxonMobil revealed one of the most ambitious and wide-reaching plans to achieve net-zero Scope 1 and 2 greenhouse gas emissions by 2050 in its Advancing Climate Solutions 2022 Progress Report. The report details concrete steps the company plans to take to drastically reduce emissions while meeting the world’s evolving energy needs.
“ExxonMobil is committed to playing a leading role in the energy transition. Advancing Climate Solutions articulates our deliberate approach to helping society reach a lower-emissions future,” said Darren Woods, chairman and chief executive officer at ExxonMobil. “We are developing comprehensive roadmaps 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.”
As part of the company’s commitment to sustainability, ExxonMobil also announced plans to invest more than $15 billion toward initiatives focused on lowering greenhouse gas emissions. Funds are targeted at accelerating the development, deployment and scalability of lower emission technologies, which will support industry-wide leaps in carbon capture and storage, hydrogen and biofuels.
ExxonMobil expects to finalize most of its detailed roadmaps on achieving net-zero emissions by the end of this year, completing the remainder in 2023. For more information on ExxonMobil’s commitment to the transition to sustainable energy, including the most up-to-date information on ExxonMobil’s net-zero emissions progress, please visit ExxonMobil’s Advancing Climate Solutions webpage.