Exxon said it has developed detailed emission-reduction plans and can profitably navigate the nascent transition to greener energy sources
There is no standard definition for net zero, and specifics vary company to company, which has led some to dismiss the pledges as exercises in image management.
Mr. Woods previously said net-zero commitments amount to a “beauty competition,” if companies only seek to achieve them by selling oil reserves to peers, so shifting the resulting carbon emissions from one set of books to another. Exxon has said for years that it supports the goals of the Paris climate agreement, an international accord that aims to limit the increase in the global average temperature to less than 2 degrees Celsius above preindustrial levels and pursue efforts to limit the increase to 1.5 degrees. But it has previously stopped short of a net-zero pledge.
Unlike some of its European peers, Exxon has eschewed investments in renewable-power generation as a business, but it said Tuesday it would continue to electrify its operations, using renewable or lower-emission energy to power them.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Race to Cut Carbon Emissions Splits US States on Whether to Use Nuclear PowerMany states in the U.S. are coming to the conclusion that solar, wind and other renewable power sources might not be enough to keep the lights on as they seek to dramatically cut their use of fossil fuels.
Baca lebih lajut »
China car sector falling short of 'net zero' goals - GreenpeaceChina's massive car sector is on track to bring its climate-warming carbon dioxide emissions to a peak by 2027 but on current trends it is unlikely to meet the country's 2060 'net zero' target, environment group Greenpeace said on Tuesday.
Baca lebih lajut »
Man dies after rollover accident on Highway 6 in Carbon CountyOne person has died after a rollover crash Monday in Carbon County.
Baca lebih lajut »
For MLK Day of Service, N.J. group starts effort to distribute over 20,000 coats (PHOTOS)Volunteers with Jersey Cares worked on the effort in sub-zero temperatures.
Baca lebih lajut »
PennDOT, Pa. Turnpike issue additional vehicle restrictions as storm intensifiesIf travel is necessary, use caution, reduce speeds and be aware of changing weather conditions.
Baca lebih lajut »
A Project to Count Climate Crisis Deaths Has Surprising ResultsClimate change is already killing people, but countries don’t have an easy way to count those deaths. A new project might change that.
Baca lebih lajut »