Exxon Mobil Corp on Tuesday pledged to cut to zero its net carbon emissions from its global operations by 2050, a step in the direction of rivals minimizing their carbon footprints.
The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. REUTERS/Lucas Jackson/File PhotoU.S. oil firm pledges carbon neutrality in its emissionson Tuesday pledged to cut to zero its net carbon emissions from its global operations by 2050, a step in the direction of rivals minimizing their carbon footprints.
"Exxon's lack of a scope 3 target reflects a strategy that may leave it behind the curve in growing clean energy sectors," said Will Scargill, managing energy analyst at GlobalData. Tuesday's pledge puts Exxon in line with the Oil and Gas Climate Initiative , an industry group promising to reduce the carbon-emissions intensity per unit of output. Exxon aims to reduce carbon intensity over time by controlling methane leaks, updating equipment and electrification production operations, Woods said.
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