Exxon’s plan for surging carbon emissions revealed in leaked documents

by Kevin Crowley and Akshat Rathi, Bloomberg


Highlights

  • Exxon Mobil is raising its yearly emissions to 17% by 2025, releasing an additional 21 million metric tons of carbon dioxide (CO2) per year according to the companies own assessment of its $210 billion investment strategy 
  • New investment and growth plans come after the company experienced losses during the pandemic and the collapse of oil demand
  • The largest U.S. oil producer has never made a commitment to lower oil and gas output, planned to become carbon neutral, nor have they ever publicly disclosed its forecasts for its own emissions
  • Exxon does not account for emissions from customers burning their fuel, meaning their new growth strategy would account for and additional 100 million tons of CO2

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Read More: https://www.bloomberg.com/news/articles/2020-10-05/exxon-carbon-emissions-and-climate-leaked-plans-reveal-rising-co2-output?sref=ABTRBDIh

Nina Turner
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