The target is part of the company-wide effort by Exxon Mobil to reduce the intensity of upstream GHG emissions by 40% to 50% by 2030, compared with 2016 levels. (Source: Business Wire)
Oil major Exxon Mobil Corp. said on Dec. 6 it aims to achieve net-zero greenhouse-gas (GHG) emissions from operated assets in the U.S. Permian Basin by 2030, expanding its emission-reduction plans for unconventional operations in New Mexico and Texas.
The target is part of the company-wide effort to reduce the intensity of upstream GHG emissions by 40% to 50% by 2030, compared with 2016 levels.
Exxon Mobil also said it plans to eliminate routine flaring in Permian Basin operations by the end of 2022.
By year-end 2021, Exxon Mobil expects reduced flaring volumes across its Permian operations by more than 75% compared to 2019.
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