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

Increased air pollution from fossil fuel emissions makes all of us more vulnerable to the current COVID-19 pandemic. For a safe and healthy future for all, endorse the Climate-Safe California Platform to implement scalable solutions that can reverse the climate crisis.

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

• Author
• Recent Posts

Nina Turner

Nina is a graduate of the Energy Management and Design program at Sonoma State University. She has experience in non-profits that specialize in sustainability and volunteerism. Nina is currently the Energy Program Coordinator and produces the bi-weekly Clean Power Exchange newsletter.

Latest posts by Nina Turner (see all)

• Climate change is weakening the ocean currents that shape weather on both sides of the Atlantic - March 11, 2021
• Petaluma City Council moves to ban new gas stations - March 11, 2021
• Scott Wiener introduces bill to ban California fracking by 2027 - February 25, 2021