Exxon Mobil announced new measures aimed at 25% reduction in natural gas flaring and a 15% cut in methane emissions by 2020, compared with 2016, as well as improvements to existing energy efficiencies in refining and chemicals manufacturing. The US-based company said the biggest cuts in flaring will be at its West African operations. “ExxonMobil's commitment is not just about reducing greenhouse gases but also about improving our environmental performance,” CEO Rex Tillerson said.
Exxon Mobil announced new measures aimed at 25% reduction in natural gas flaring and a 15% cut in methane emissions by 2020, compared with 2016, as well as improvements to existing energy efficiencies in refining and chemicals manufacturing. The US-based company said the biggest cuts in flaring will be at its West African operations. Exxon said it has spent more than $9bn on lower-emission energy technologies since 2000, helping achieve a 10% improvement in energy efficiency across its global refining operations since 2000 and a near-7% cut in greenhouse gas emissions intensity since 2013.