Exxon Pledges to Zero Out Some Permian Basin Emissions by 2030
Exxon Pledges to Zero Out Some Permian Basin Emissions by 2030
(Bloomberg) -- 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.
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.
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