ExxonMobil pledges ‘improvements’ in emissions performance

Exxon Mobil Corp. signage is reflected in a puddle at a gas station in Nashport, Ohio, U.S., on Friday, Jan. 26, 2018. Exxon Mobil Corp. is scheduled to release earnings figures on February 2. Photographer: Ty Wright/Bloomberg
Exxon Mobil Corp. signage is reflected in a puddle at a gas station in Nashport, Ohio, U.S., on Friday, Jan. 26, 2018. Exxon Mobil Corp. is scheduled to release earnings figures on February 2. Photographer: Ty Wright/Bloomberg

Oil giant ExxonMobil yesterday announced its pledge to improve its emissions performance and its “commitment” in achieving greenhouse gas targets by 2020.

The US firm said it would achieve a 15 % decrease in methane emissions and a 25% reduction in flaring.

ExxonMobil has spent more than £6.7 million on emissions reduction solutions since 2000.

The company also announced its intention to improve its industry-leading energy efficiency in refining and chemical manufacturing facilities.

Efforts associated with oil and gas production and processing are expected to lower natural gas flaring across ExxonMobil operations by about 25% by 2020 compared with 2016.

The most significant reductions are expected to occur in operations in West Africa and include use of third-party infrastructure.

ExxonMobil chief executive Darren Woods said: “We have a longstanding commitment to improve efficiency and mitigate greenhouse gas emissions. Today’s announcement builds on that commitment and will help further drive improvements in our business.”

 

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