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Exxon Pledges to Reduce Carbon Emissions From Operations to ‘Net Zero’

January 18, 2022

Exxon Mobil Corp. said it has set a goal to reduce or offset greenhouse-gas emissions from its operations to zero by 2050, as investor and public pressure mounts on oil producers to respond to climate change.

The oil giant said Tuesday it had developed detailed emission-reduction plans for major facilities and assets and can profitably navigate the nascent transition to greener energy sources. In a bruising proxy fight last year, an activist hedge fund elected three new members to the company’s board after criticizing its transition strategy.

Read More on The Wall Street Journal