ExxonMobil has announced greenhouse gas reduction measures that are expected to lead to significant improvements in emissions performance by 2020, including a 15% decrease in methane emissions and a 25% reduction in flaring. The company also intends to improve its energy efficiency in refining and chemical manufacturing facilities.
ExxonMobil invests in lower-emission energy solutions such as cogeneration, flare reduction, energy efficiency, biofuels, carbon capture and storage and other technologies. ExxonMobil has spent more than $9bn on lower-emission energy solutions since 2000.
“We have a longstanding commitment to improve efficiency and mitigate greenhouse gas emissions,” said Darren Woods, Chairman and Chief Executive Officer. “Today’s announcement builds on that commitment and will help further drive improvements in our business.”
ExxonMobil is undertaking a number of initiatives to significantly reduce methane emissions. XTO Energy’s leak-detection-and-repair efforts and operational improvements at U.S. production and midstream sites have reduced estimated methane emissions across ExxonMobil operations by 2% in the past year. Combined with additional measures outside the U.S. focused on the most significant sources of methane, ExxonMobil expects to achieve a 15% reduction of methane emissions by 2020 compared with 2016.
The most significant reductions are expected to occur in operations in West Africa and include use of third-party infrastructure.
For more information, visit: www.exxonmobil.com
24th May 2018