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Exxon Mobil aims for net-zero emissions from its operations in the Permian Basin by 2030.
REEI 2021/12/06

Exxon Mobil said on Monday that it aimed to achieve net-zero greenhouse gas emissions from its operations in oil and gas fields in West Texas and New Mexico by 2030.

The announcement is part of Exxon’s previously stated plans to reduce greenhouse gas emissions across its business, as activists and some investors pressure the oil industry to do more to fight climate change. But Exxon’s goal does not include offsetting emissions from its customers, such as car and truck owners and airlines.

Exxon, the nation’s largest oil company, said it would reach net-zero emissions in the Permian Basin, which straddles the two Southwestern states, by electrifying its operations, improving its ability to detect and capture methane gas and eliminating the routine burning of waste gas emitted from oil wells. The company said it might also employ “nature-based solutions,” which could include planting trees.







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