- In 2017, the company initiated a voluntary methane emissions reduction program across U.S. unconventional operations, supported by a comprehensive research and technology development program. ExxonMobil has committed to reduce methane emissions from its operations 15% and flaring 25%, both by 2020 (versus its 2016 baseline).
- It is a founding member of the American Petroleum Institute’s (API’s) Environmental Partnership, an initiative to implement voluntary programs and share best practices, focused initially on reducing methane and volatile organic compound emissions.
- Since 2000, ExxonMobil has invested more than $9 billion in facilities and research to develop and deploy higher efficiency and lower emissions energy solutions.
- In 2018, the company joined the Oil and Gas Climate Initiative, a voluntary initiative of 13 of the world’s largest oil and gas producers working collaboratively toward solutions to mitigate climate change risks.
- ExxonMobil’s scientists have participated in IPCC’s scientific assessment process since its inception in 1988.
- The company has partnered with more than 80 leading universities on emerging energy research.
- ExxonMobil is pursuing research on advanced biofuels to produce fuels from algae and cellulosic biomass. Advanced biofuels hold the potential to reduce GHG emissions by 50% or more compared with today’s transportation fuels.
For more information, visit https://corporate.exxonmobil.com/-/media/Global/Files/energy-and-carbon-summary/Energy-and-carbon-summary.pdf.