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Exxon Plans to Zero Out Emissions from Operations by 2050

  • Plan is built on by asset-by-asset roadmap to cut pollution
  • Supermajor has ‘line of sight’ on achieving net zero, CEO says
An Exxon refinery in Fawley, U.K.

An Exxon refinery in Fawley, U.K.

Photographer: Luke MacGregor/Bloomberg
Updated on

Exxon Mobil Corp. announced an “ambition” to eliminate some greenhouse gas emissions by 2050 in the oil giant’s first such long-term pledge to curb carbon output. 

Over the next two years, Exxon will develop roadmaps for its crude refineries, chemical plants and other facilities to eliminate so-called Scope 1 and 2 emissions, the company said in a statement on Tuesday. The plan, however, excludes carbon spewed when customers use Exxon products such as gasoline and jet fuel, or Scope 3 emissions that comprise the bulk of oil-industry pollution.