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ExxonMobile on Tuesday pledged to reach net zero carbon emissions by 2050, hoping to catch up with rivals such as Shell and BP that have already committed.

The American oil and gas corporation estimated that it emitted about 762 million tons of greenhouse gases in 2020: 650 million came from consumption and 112 million tons from operations.

However, Tuesday’s announcement only focuses on reducing the 112 million tons, which is just 15 percent of Exxon’s total emissions.

“This announcement is not significant, but it’s been a long time,” Paasha Mahdavi, an assistant professor at the University of California, Santa Barbara, told DailyMail.com in a phone interview.

‘Exxon can hit this [112-million-ton] goal simply by cleaning up their operations, like making sure the pipelines don’t leak methane, which they should have been doing this whole time.

“It’s still a long way from what we need to meet climate goals.”

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ExxonMobile on Tuesday pledged to reach net zero carbon emissions by 2050, hoping to catch up with rivals such as Shell and BP that have already committed.

Exxon said Tuesday that it has identified 150 potential steps and modifications to help reach its goals, such as electrifying operations with power from renewable sources.

“Net zero aspiration applies to Scope 1 and Scope 2 greenhouse gas emissions,” the company shared in the announcement.

Scope 1 covers direct emissions from owned or controlled sources and Scope 2 covers indirect emissions from the generation of electricity, steam, heating and cooling purchased and consumed by the reporting company.

But Scope 3, which is the bulk of Exxon’s emissions, is not under the commitment: it includes all other indirect emissions that occur in a company’s value chain.

The American oil and gas corporation estimated that it emitted around 762 million tons of greenhouse gases in 2020: 650 million tons came from oil and gas consumption and 112 million tons came from operations.  However, Tuesday's announcement only focuses on reducing the 112 million tons, which is just 15 percent of Exxon's total emissions.

The American oil and gas corporation estimated that it emitted around 762 million tons of greenhouse gases in 2020: 650 million tons came from oil and gas consumption and 112 million tons came from operations. However, Tuesday’s announcement only focuses on reducing the 112 million tons, which is just 15 percent of Exxon’s total emissions.

“Many other companies understand that they will have to change their business models to comply with regulations,” Mahdavi said.

‘They are adopting renewable energies, whether they are electric vehicles [electrical vehicles], solar, wind or geothermal.’

“Exxon, however, is saying ‘we don’t believe in any of that, we believe in the future of oil and gas.’ And they’re just going to clean up their operations.’

“That’s been their focus for the last decade and they’ve been the biggest and most profitable company and they felt like they could win this game, like being the last one to pump oil.”

“The reality is that none of these companies will produce the oil and gas that we need.”

Mahdavi went on to explain that other smaller companies that focus on the environment will eventually launch and take over the industry.

Exxon said Tuesday that it has identified 150 potential steps and modifications to help reach its goals, such as electrifying operations with power from renewable sources.  however, the public is skeptical of his commitment.

Exxon said Tuesday that it has identified 150 potential steps and modifications to help reach its goals, such as electrifying operations with power from renewable sources. however, the public is skeptical of his commitment.

Exxon promises a net-zero goal for its operations by 2050, but the goal will NOT include customer use

“This announcement is not significant, but it’s been a long time,” Paasha Mahdavi, an assistant professor at the University of California, Santa Barbara, told DailyMail.com in a phone interview. But some say the plan is completely bogus.

“It’s nice that Exxon is cleaning up the methane, but it just fits their own agenda,” he said.

Although it may seem almost impossible to regulate the emissions released during oil and gas consumption, Shell was ordered to cut its carbon emissions by 45 percent by 2030 in a 2019 court hearing.

The District Court of The Hague declared that the supermajor was responsible for the emissions of customers (scope 3 emissions) and suppliers and that the company must comply with the sentence immediately.

Tuesday’s announcement also sparked fury among the online public, with many flocking to Twitter to call out the oil and gas company.

One user said the “plan is bogus,” and another tweeted, “Never believe Exxon.”

DailyMail.com has contacted ExxonMobile for comment and has not yet received a response.

Darren Woods, Chairman and CEO of ExxonMobile, said in a statement: “ExxonMobil is committed to playing a leadership role in the energy transition, and Advancing Climate Solutions articulates our deliberate approach to help society achieve a lower emissions future.” .

“We are developing comprehensive roadmaps to reduce greenhouse gas emissions from our operated assets around the world, and where we are not the operator, we are working with our partners to achieve similar emissions reduction results.”

Other steps of the commitment include cogeneration of power and steam and the electrification of operations, using renewable or low-emission energy.

The company expects to finalize detailed roadmaps addressing approximately 90 percent of operations-related greenhouse gas emissions by the end of this year, with the remainder to be completed in 2023.

Exxon, however, may not have the best record when it comes to caring for the environment.

From the 325 oil spills it is responsible for allegedly misleading the public about climate change for 40 years and its millions of metric tons of carbon emissions each year.

And the company is aware of its environmental mistakes.

In October 2020, internal documents obtained by Bloomberg showed Exxon’s plans to increase carbon dioxide emissions by 17 percent by 2025.

The amount equates to an additional 23 million tons of carbon dioxide a year, or the entire output of Greece, but only accounts for emissions from Exxon’s oil and gas production.

Although it may seem almost impossible to regulate the emissions released during the consumption of oil and gas, Shell was ordered to reduce its carbon emissions by 45 percent by 2030 in a 2019 court hearing. This Twitter user believes that Exxon is a fraud

Although it may seem almost impossible to regulate the emissions released during the consumption of oil and gas, Shell was ordered to reduce its carbon emissions by 45 percent by 2030 in a 2019 court hearing. This Twitter user believes that Exxon is a fraud

The additional emissions do not include carbon dioxide from the millions of gasoline-powered vehicles it powers, which would quintuple that output to 100 million tons of additional carbon dioxide.

The leaked internal report also calls for the production of an additional million barrels of oil a day, the equivalent of nearly 158 million tons of carbon dioxide a year.

However, Exxon said its Tuesday announcement is to compete with rivals that are already taking steps to cut emissions.

But in March 2020, Woods dismissed the efforts of BP and Shell as window dressing.

“Individual companies setting targets and then selling assets to another company to make their portfolio a different carbon intensity has not solved the problem for the world,” Woods said.

Exxon is focused on “taking action to solve the problem for society as a whole and not trying to enter a beauty competition.”

A 2017 Harvard study claimed that Exxon Mobil misled the public about climate change for more than four decades, making “explicit factual misrepresentations” in newspaper advertisements.

The researchers said that while Exxon scientists recognized internally as early as 1979 that burning fossil fuels was adding more carbon dioxide to the atmosphere and causing global temperatures to rise, the company’s position in New York City advertorials The York Times has always expressed doubts about climate science.

“It is past time for Exxon Mobil to take responsibility for the damaging impacts of its oil and gas products,” Kathy Mulvey, campaign manager for the Union of Concerned Scientists, told Bloomberg.

“The world at large and its own investors would benefit if Exxon refocused its strategy on the energy we need in a low-carbon future.”


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