ExxonMobil: outlines lower-emission aims
(CercleFinance.com) - ExxonMobil today announced plans to increase shareholder value by providing solutions that help meet the world's energy needs and reduce greenhouse gas emissions to combat climate change.
Future plans include structural savings of 9 billion dollars per year by 2023 (compared to 2019), and over 15 billion dollars of investments through to 2027 in initiatives to reduce greenhouse gas emissions. These include investments to reduce emissions from company operations and to advance critical technologies such as carbon capture and storage, hydrogen and biofuels, which together are expected to grow into multi-trillion dollar markets in the coming decades.
“We have opportunities to play a leading role in helping society achieve its net-zero ambitions and in meeting the world's growing demand for energy and essential products,” it said, adding that, “Recent events have reminded us how globally connected energy markets are. They've also underscored the importance of our role in creating sustainable solutions that improve quality of life, while supporting a lower-emissions future".
Copyright (c) 2022 CercleFinance.com. All rights reserved.
Future plans include structural savings of 9 billion dollars per year by 2023 (compared to 2019), and over 15 billion dollars of investments through to 2027 in initiatives to reduce greenhouse gas emissions. These include investments to reduce emissions from company operations and to advance critical technologies such as carbon capture and storage, hydrogen and biofuels, which together are expected to grow into multi-trillion dollar markets in the coming decades.
“We have opportunities to play a leading role in helping society achieve its net-zero ambitions and in meeting the world's growing demand for energy and essential products,” it said, adding that, “Recent events have reminded us how globally connected energy markets are. They've also underscored the importance of our role in creating sustainable solutions that improve quality of life, while supporting a lower-emissions future".
Copyright (c) 2022 CercleFinance.com. All rights reserved.