Ambitions
- In 2017, the company initiated a voluntary methane emissions reduction program across U.S. unconventional operations, supported by a comprehensive research and technology development program. ExxonMobil has committed to reduce methane emissions from its operations 15% and flaring 25%, both by 2020 (versus its 2016 baseline).
- It is a founding member of the American Petroleum Institute’s (API’s) Environmental Partnership, an initiative to implement voluntary programs and share best practices, focused initially on reducing methane and volatile organic compound emissions.
Investments
- Since 2000, ExxonMobil has invested more than $9 billion in facilities and research to develop and deploy higher efficiency and lower emissions energy solutions.
- In 2018, the company joined the Oil and Gas Climate Initiative, a voluntary initiative of 13 of the world’s largest oil and gas producers working collaboratively toward solutions to mitigate climate change risks.
Innovation
- ExxonMobil’s scientists have participated in IPCC’s scientific assessment process since its inception in 1988.
- The company has partnered with more than 80 leading universities on emerging energy research.
- ExxonMobil is pursuing research on advanced biofuels to produce fuels from algae and cellulosic biomass. Advanced biofuels hold the potential to reduce GHG emissions by 50% or more compared with today’s transportation fuels.
For more information, visit https://corporate.exxonmobil.com/-/media/Global/Files/energy-and-carbon-summary/Energy-and-carbon-summary.pdf.
