Tag: ExxonMobil

ExxonMobil announces ambition for net zero greenhouse gas emissions by 2050

Stuart Mitchell

ExxonMobil has announced its ambition to achieve net zero greenhouse gas emissions for operated assets by 2050, backed by a comprehensive approach to develop detailed emission-reduction roadmaps for major facilities and assets. The net-zero ambition is contained in the company’s Advancing Climate Solutions – 2022 Progress Report, formerly known as the Energy & Carbon Summary. The net-zero aspiration applies to Scope 1 and Scope 2 greenhouse gas emissions and builds on ExxonMobil’s 2030 emission-reduction plans, which include net-zero emissions for Permian Basin operations and ongoing investments in lower-emission solutions in…

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Virgin Atlantic agrees sustainable aviation fuel supply with Neste and ExxonMobil

Stuart Mitchell

Virgin Atlantic Limited and Neste Oyi are pleased to announce the UK supply of 2.5 million litres/2,000 metric tonnes of neat Sustainable Aviation Fuel (SAF), which will be delivered in the first half of 2022 to London Heathrow. The supply is an important step towards the airline’s target of 10% SAF by 2030. The agreement forms part of a wider collaboration between Virgin Atlantic, one of the world’s most fuel-efficient long-haul airlines and Neste, the world’s leading provider of SAF, to increase the availability and use of SAF in the…

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ExxonMobil announces emission reduction plans; expects to meet 2020 goals

Stuart Mitchell

ExxonMobil plans to reduce the intensity of operated upstream greenhouse gas emissions by 15 to 20 percent by 2025, compared to 2016 levels. This will be supported by a 40 to 50 percent decrease in methane intensity, and a 35 to 45 percent decrease in flaring intensity across its global operations. The emission reduction plans, which cover Scope 1 and Scope 2 emissions from operated assets, are projected to be consistent with the goals of the Paris Agreement. The company also plans to align with the World Bank’s initiative to…

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