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MARKETS

Exxon to cut emissions as it faces investor pressure

US SUPERMAJOR ExxonMobil announced plans overnight to reduce the emissions intensity of its operations as well as plans to align with the World’ Bank’s initiative to eliminate routine flaring by 2030, as investors mount pressure on the company they say is failing to deliver shareholder value.

Mark Tilly
Exxon to cut emissions as it faces investor pressure

The company said it will reduce emissions intensity of its upstream operations by 15-20% by 2025, compared to 2016 levels, supported by a 40-50% decrease of methane intensity and a 35-45% decrease in flaring...

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