Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Dec 06, 2021

Exxon Pledges to Zero Out Some Permian Basin Emissions by 2030

Exxon Mobil Corp. pledged to zero out some greenhouse-gas emissions in North America's biggest oilfield by the end of the decade.

The largest U.S. crude explorer said it'll reach net-zero air pollution from its Permian Basin wells, processing plants and other infrastucture -- known as Scopes 1 and 2 emissions -- by the end of 2030, according to an announcement on Monday. The target leaves untouched Scope 3 pollution emanating from consumer use of Exxon-made fuels and other products.

READ: Exxon's Most Ambitious Carbon Pledge Lags Supermajor Rivals'

The company plans to achieve the Permian reductions by adopting low-carbon electricity sources, slashing natural gas flaring, and expanding efforts to detect methane leaks, according to the statement. Exxon also plans to use emissions offsets. 

©2021 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search