ExxonMobil announces 2025 emission reduction plans
December 14, 2020
ExxonMobil announced plans to further reduce greenhouse gas emissions over the next five years in support of the Paris Agreement and highlighted its support for society’s efforts to reach net zero emissions by 2050. It aims for industry-leading greenhouse gas performance across its businesses by 2030.
ExxonMobil plans to reduce the intensity of operated upstream greenhouse gas emissions by 15-20% by 2025, compared to 2016 levels. This will be supported by a 40-50% decrease in methane intensity, and a 35-45% decrease in flaring intensity across its global operations.
The emission reduction plans, which cover Scope 1 and Scope 2 emissions from operated assets, are projected to be consistent with the goals of the Paris Agreement. From 2021, ExxonMobil will provide Scope 3 emissions and continue to advocate for sound policies that promote solutions to address the risk of climate change.
In 2018 ExxonMobil announced plans to achieve by year-end 2020, a 15% decrease in methane emissions and a 25% reduction in flaring, compared with 2016 levels. It anticipates meeting both by year end.