ExxonMobil lifts spending on emission reduction plan to $15 bln
ExxonMobil says it is boosting its spending on greenhouse gas emission-reduction projects to USD 15 billion over the next six years and anticipates meeting its 2025 greenhouse gas emission-reduction plans by the end of this year.
The energy giant said the USD 15 billion will go toward projects focused at reducing greenhouse gas emissions from existing operations and increased investments in the low carbon solutions business.
As part of its greenhouse gas emission-reduction plans, ExxonMobil anticipates year-end 2021 results showing a reduction of 15 per cent to 20 per cent in greenhouse gas intensity from upstream operations compared to 2016 levels, four years ahead of schedule.
